Technician
Short

Gold: Short-term Short Trade

FX:XAUUSD   Gold / U.S. Dollar
1378 6 19
Update: I closed order for minor profit, as sentiment on global stocks improved but gold             showed minor retracement.
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Price hit key daily resistance and showing signs of weakness, RSI fails to break higher. I am aiming for a downside correction.. I am already short from 1240.00 .... I think the risk-off sentiment we have seen recently might pullback for the coming few days before resumption..

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Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game

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I closed order for minor profit, as sentiment on global stocks improved but gold showed minor retracement.
Reply
LudmilaHanania Technician
I agree, I am long from 1229 , no clear direction but showing minor retracement, I moved my stop to break even.
+1 Reply
A nice reversal hammer forming on the 4 hour chart, taking 1240 will scream up.
Reply
Hi, are you in before Yellen ?
Reply
I am in from yesterday..
+1 Reply
Hello technician thanks for this post
+1 Reply
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