motleifaul
Short

It looks like falling tops

FX:XAUUSD   Gold Spot / U.S. Dollar
51 0 0
At least we can't reach the previous high any longer. Look, from where the price comes without any retracement, i.e. nobody took a profit from his long positions yet. They will if the price doesn't rise any longer.
Trade closed: target reached
Trade active: I re-opened the deal as there is more potential for a downward correction. The rise was to steep so that it should contain some more speculative buying.
Trade closed: target reached: I am taking a first profit leaving a remaining position short in the market.
Trade active
Trade closed: stop reached: The remaining position has been stopped out, i.e. didn't rovide some more profit.
As a whole the deal has been a good success.
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