I'm calling gold's intermediate top today at 1289$.
We were riding gold's last 2 daily cycles almost perfectly. I missed the last 20$ but I think we made a good money on our longs.
Time to join the bear side again. I'm planning to go to 30-35% margin impact on my account with this gold short. But right now I will enter only the 30% of this 30-35%.
So the margin impact of this entry is 10-12% .
If stocks continue to fall - or Trump attacks someone else again - I will add the next 10% around 1300$.
Notice the RSI and TSI divergencies on the hourly chart. I will update gold at this weekend on the daily chart in PI.
NEW SHORT ENTRY at 1284.78 up to 10% margin impact.
We were riding gold's last 2 daily cycles almost perfectly. I missed the last 20$ but I think we made a good money on our longs.
Time to join the bear side again. I'm planning to go to 30-35% margin impact on my account with this gold short. But right now I will enter only the 30% of this 30-35%.
So the margin impact of this entry is 10-12% .
If stocks continue to fall - or Trump attacks someone else again - I will add the next 10% around 1300$.
Notice the RSI and TSI divergencies on the hourly chart. I will update gold at this weekend on the daily chart in PI.
NEW SHORT ENTRY at 1284.78 up to 10% margin impact.
Comment:
I think we are on the truck. No higher high will be most probably. Adding to the position up to 20% margin impact at 1280$.
