XAU Scalp Short

Hello traders.

Quick Friday short play. Profits locked in for the week so we can get aggressive. Tight stop, gold looks froggy =)

Trade closed manually:

closed before friday closing, negligible p/l

Comment:

target 2 is outdated don't close yet I think

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something like this

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but as I said before on gold always take profit!!! it can reverse fast

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ok this was our target, if you dont mind risking a bit I am trying for 1487 close here

Comment:

1487 is ambitious, don't move your trade plan unless you know what you're doing. in this case its clear bearish momentum is strong and we can just ride trailing manually


good luck

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dip under 1490 I set stop to 1493 and take profit final 1487,
if it keeps bouncing I will close and wait for further development

Comment:

we already took profits 3 times now so its ok to see what we get here
but I will close on first sign of any tomfoolery...I know better than to test gold

Trade closed manually:

1491.50 close I just don't like the potential of gold bouncing here, not saying it will just rather take profits and look for new opportunities at this point. you have to know when a play is dead

Comment:

wow 1487 hit! :D too bad