Update: I closed order for minor profit, as sentiment on global stocks improved but gold showed minor retracement. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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..
================================================================== 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
Comments
manijeh.kazemi.33
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Hello technician thanks for this post
Technician
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I closed order for minor profit, as sentiment on global stocks improved but gold showed minor retracement.
LudmilaHanania
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I agree, I am long from 1229 , no clear direction but showing minor retracement, I moved my stop to break even.
LudmilaHanania
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A nice reversal hammer forming on the 4 hour chart, taking 1240 will scream up.