BodiesXWix

Sell #Gold Now - Needs mitigate lower level first

Short
BodiesXWix Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold will not be taking out the most recent hig's. It willl need to slowly make it's way to 1922-1924 to mitigate the last sell to buy candle before taking out these most recent highs. We will see bullish moments in Gold this week, but overall Gold will be bearish in General. Se my most recent Idea on Gold about mitigating the last sell to buy candle to understand why you should sell gold now.



XAUUSD
Trade active:
And this is why I said to sell. 21 pips. Take profit. Move SL to Entry

Comment:
Waiting for a pull back to 1957.77 .. if we get it to add another sell position.
Comment:
Added another entry. 1957.35 (the buy said 1957.77 on MT4 and I confuse that the two are opposites when you press buy or sell)
Already got 5 pips and took a good chunk of profit from those 5 5pips. Let's see if it goes down further.
Trade closed: target reached:
And this is why when I hit 5 pips I put my SL at even.

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.