Gold - Ultra Tactical Trade

FX:XAUUSD   Gold Spot / U.S. Dollar
588 16 6
Try short here.

10% short 1228 stop 1250 on close.

Cheap and sound.

Make or break.

if it goes through stop on close, Gold             is probably out of the woods.
if it fails from here, next target 1000 and maybe lower.
nice, so sell the resistance is the play...
YaKa look4edge
my stop on close was 1250.. probably interesting to extend risk to 1270 on close.
will short 1250 retreat, sl at high
YaKa look4edge
it remains very tactical on pivot.
if it goes through here: the sky is the limit.
yes, it is the case for sl, however just started short at 1255, first target 1138
Good idea, timing a little ahead, there is wedge resistance at 1260
YaKa look4edge
very interestig.. let me see.
We got the upward pop, but will that be sustained or retrace? What do you think?
YaKa DaveMackay
not sure - My timing this morning was exactly wrong.
the SNB news could be important. Zero rates or even negative rates globally removes one disadvantage of gold (it does not pay dividiends or coupons)...
you have to be disciplined with the pivot... above 1236.. consider longs.. below consider shorts... and you hope it does not swing through many times.
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