Hello traders.
I'm expecting a regular flat as corrective structure on gold. There is possibility for more up side but I believe that the potantial of it is very limited. I will take a short trade after break out. Then I will move my stoploss to breakeven, when it break previous bottom (1320) and leave it alone. If it turn up, my trade will be riskfree. The forecast is here:
You can watch the video analyse on Twitter. Link is in profile page.
I'm expecting a regular flat as corrective structure on gold. There is possibility for more up side but I believe that the potantial of it is very limited. I will take a short trade after break out. Then I will move my stoploss to breakeven, when it break previous bottom (1320) and leave it alone. If it turn up, my trade will be riskfree. The forecast is here:
You can watch the video analyse on Twitter. Link is in profile page.
Comment:
Move stoploss to breakeven.
Comment:
I'm waiting for a deeper correction, then I will close the trade.
Trade closed: stop reached:
Stopped out with breakeven. It didn't make deeper correction.