spesfinancial
Short

GOLD possible short setup

FX:XAUUSD   Gold Spot / U.S. Dollar
84 0 1
GOLD             has a traingle pattern to the end, and it is likely that we could see the breakout today. As the main trend is downside, I would like to look for short signal only. If the price could break the green trendline below decisively and test some horizontal supports there, I would like to enter short when it breaks today's low after some consolidations. Though there may be an horizontal support below at previous low, it is not that important with trendline and trangle pattern broken, but maybe we can choose to protect the position when price reaches there. Let's see what will happen today. Do trade following the plan.
Trade active: Enter short at 1066.7 and SL has been moved to BE.
Comment: Previous low support has been broken, I may choose to close this position at first target, today's adr, at around 1160.5. I will also close this trade if price goes back and stands above around 1164.5 level.
Trade closed: target reached: Big movement happens. As adr has been reached, I've choose to close this trade at around 1157. Using 30 pips risk to achieve more than 100 pips profit in few hours.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out