OptimoomFX

Gold- where to sell?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As I said on Friday, I m bearish Gold and I expect to fall towards 1700 zone in the medium term...
After testing technical support, Gold has rebounded and is trading at 1789 at the time of writing.
In my opinion, this rebound is a good opportunity for bears to open short position above 1790 and I expect gains to be well caped around 1800 zone
The target for short term traders can be 1765 but, as mentioned, I expect this support to fall in the medium term
A daily close above 1800 would negate this scenario and put Gold in no man's land.

P.S: I saw the H&S and I choose to ignore it
Comment: Gold is in my sell zone at this point
As I said, in my opinion, a rise from Gold at this point would be too stupid easy
Trade active: First sell Limit activated
Trade active: Second set of sell activated
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Comments

sell order :1789
Tp 1720
leverage 1:200
is this all right?
newbie so need your expertise opinion
+2 Reply
OptimoomFX rakibch20
@rakibch20, oh my God... you should consider risk first!!!!!!
For each 0.01 volume on gold 100 pips means 10usd profit or loss!
See your volume not the laverage that the idipt broker offers!
Reply
yeah.. I'm bearish on gold as well
+2 Reply
@sodeek, we'll see, is in sell zone at this point
Reply
it seems that the week and month will end up in the 1900 area
+1 Reply
when it break resistance then look to support channel
+1 Reply
OptimoomFX shahkhalid
@shahkhalid, let s see, i m with 1805 average on sell. 5usd for gold is nothing, so...
Reply
Thank you for the detailed review.
+1 Reply
OptimoomFX VasilyTrader
@VasilyTrader, thanks for comm
Reply
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