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$.
Notice the RSI and TSI divergencies on the hourly chart. I will update gold at this weekend on the daily chart in PI. NEW SHORT ENTRY at 1284.78 up to 10% margin impact.
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I think we are on the truck. No higher high will be most probably. Adding to the position up to 20% margin impact at 1280$.
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stock_croc
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long, especially this weekend due to fundamentals. otherwise I would have taken a short too.
carli1506
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Short gold seems to be pretty bad risk reward at present. Dangerous game. Stay out or stay long, I say.
jolu
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thank you arpi !(:
What are you shorting?
I mean which ETF is X3 for gold that you short?
or maybe something else..