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Frashad
May 29, 2017 3:53 PM

Gold is deciding Short

GoldOANDA

Description

Seems if Gold is not break 1274-1278 area, it will slide down to 1220, and this time it may break below it too.

Trade active

Comment

Still has not break out 1274-1278 area, so the idea of sliding down is active.

Comment

1278 level breached out. So I hedged my SHORT trade with a LONG trade! To see if this is a bull trap or it is a bull market! Take care

Trade closed manually

Long Trade Closed at 1277.5, because I think it was excited market. I put pending Buy Stop at 1280. The Short trade is active!

Comment

Maybe Gold is printing Broadening Top on H4 chart and will slide down soon!

Comment

If you have BUY trades from 1280 of below, My advise is to close them all at this topping on 1285. If your money management allows add Short trades.

Comment

It seems better to have BUY again, please!

Trade active

My Sell from 1269 is still active.

Trade closed manually

with more than $ 50
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