SharkbaitAl

Shorting Gold at Re-Test of Trendline Break

Short
SharkbaitAl Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Safer stops would be 1198.6 and still give a good risk/reward trade but this may do. I have already entered a short at 1188.50 (GCG7). Let's see what happens
Comment:

Beautiful!
Comment:

Seems to have paused -- can move stops to breakeven in case of a violent reversal (again). However I would likely look to short again from same level until a new high is made.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.