XAUUSD - is this it???? Short

Gold / U.S. DollarFOREX.com

Description

⋅ Jul 27, 2020 3:54 AM

HUGE potential here

I'm already in a small short position (No SL)

-Will add a larger position if price reaches my target price range (1960-1970) with a stop loss of around 20pips

Not trading advice or signal - idea only

Comment

⋅ Jul 27, 2020 11:54 PM

Trade active - let's see how it goes. The bull its been on - i'm kinda skeptical about stopping the up move. Small risk

Comment

⋅ Jul 28, 2020 12:04 PM

Took some profit. The rest is at breakeven

I have reevaluated - it wont make a deeper retracement this time

Comment

⋅ Jul 29, 2020 10:57 AM

Based on the current price action. Very unlikely to make a deeper Retracement. As long as the Fed prints dollars, no chance of a deep reversal.

Max retracement I can see for this is 1890 area

Comments

jameschildfx

⋅ Jul 28, 2020 12:59 AM

RIP YOUR ACCOUNT

imk1983-fX

⋅ Jul 28, 2020 10:32 AM

@jameschildfx, Really? How is the trade going so far. Please move SL to entry ;)

mcseola

⋅ Jul 28, 2020 2:39 AM

I think a sell is only for short term an very risky because of the virus.... Gold won't respect our technical analysis it is too strong fundamentally.

imk1983-fX

⋅ Jul 28, 2020 10:32 AM

@mcseola, Respect your opinion - but every bull needs a drink at the water fountain, and this is what this bull is doing now :)

Celosity

⋅ Jul 27, 2020 6:30 PM

Why would you short gold with everything happening right now? It’ll go ALOT higher imo

imk1983-fX

⋅ Jul 28, 2020 10:33 AM

@Celosity, I agree with your opinion. But needs a correction. Nothing goes up forever. Remember Bitcoin?

Guest22710

⋅ Jul 27, 2020 11:38 AM

will this hit 1960 by today

huzdhila12

⋅ Jul 27, 2020 5:25 PM

@cuteGuest22710 wait il ring the market makers

CuLLuM315

⋅ Jul 27, 2020 7:35 PM

@huzdhila12, no need to be a dick lol he was any asking

Sepz2020

⋅ Jul 28, 2020 2:06 AM

@CuLLuM315 he's not being a dick. the question just doesn't make sense. Nobody knows what the market is going to do next. All the analysis that is here is just theories and prediction. Instead of being offended, understand why he said that. My mentor use to say, if you ask stupid question, don't be upset if you get stupid answers. 🤷‍♂️ good luck. 👊