ridzwanfahmie1

GOLD Sudden Movement. Looking for Short

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold has made sudden movement this morning with almost 1000pips in 2 hours period. This movement is not expected to be so soon as the distance between current market price before market open is very far, and its a very fast movement as it took its daily support today.

So the safest trading plan is to join the trend and now we are looking for sell position. I would say the the best price to entry is the breakout zone. Although with this big movement, I doubt it can reach the zone, but it still the most safest zone according to trading SOP.

Anyhow, let just be careful again for today, as its mostly not predicted. Who knows what might happened when it reach our breakout zone for us to entry.

Have SL when you entry to avoid capital loss.

Remember to sell at resistance and buy at support because what I observe, its been its psychology for gold price for the past week. Its favor SNR zone compared to SND zone.

Another thing is "support become resistance' and "resistance become support".
Breakout, Retracement, Entry

Safe trade guys

Trade active: Price has made it first bound to our sell zone.

TP FM around 20pips already achieved.
Set BE and continue monitoring price movement

If price breakout 1740.10, we might hold our sell position.

Safe trade fellow traders
Trade closed manually: Price has made retracement.

Sell position active.

Running 50pips.

Set BE to hold
Trade closed: target reached: Sell Position still active.

Running 120pips max just now

with safe BE at 30pips.

Its a win guys.