Withaai
Short

Gold maybe another down signal for today

FX:XAUUSD   Gold Spot / U.S. Dollar
113 5 1
Now that the 96mva crossed the 192mva it is a better signal for n short entry, I entered at just over 1205, I think one can still enter or put an order in if it should go lower at 1201. Also my RSI and MACD is showing downward.
I will be having an order in at 1209 if this should continue upward.
Good Luck
So my idea played out well with good news.
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Close call so far but doing ok, we have an option to close here at 1201 or wait and see if it breaks 1200.
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I think it is a very risky trade, and a stop and reverse should be at 1209, for 1235 as a first target.
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Withaai OmarAljammal
Agreed, that is why you should not risk much.
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To add here, this might not be a trade to keep open making a few dollars will be good.
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