Hey guys Congratulations to see gold crossed 1244 level .and Long term I am bullish too but why should we miss the corrective wave in this long term.
Here is the trade shorted for target 1225 . please see related Links below where I Mentioned some gold bullish view too. Thank you trade safe and Good Night
Regards , Dipak Z
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avg short price 1255 now the price is near 1260 which is at 200 ma in daily time frame and gold has to decline from this .not because of technical only but also fundamentals supporting it
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get ready to fall with stops targeting 1225 guys be with me.current high 1260 and right now gold is at 1254 and falling
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Started decline in gold
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Now hoping 1230/35 for gold
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rested at 1240 but 1220 is sure target for gold
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tested 1237 hoping some more down
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Closed at 1238 avg buy was 1254 trade closed gaining 160 pips in gold and cheers.
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gold may fall 127/30 but I think have less confidence on it due to market enviroment. next position shortly
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though I closed till updating for my own mistakes, and gold finally reached to 1230 till according to chart it would so be at 1220/1225 as initially stated.
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Shorted again at 1232 for target 1223 and 1218
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1222.11 is support of 200 ma may break and rest 1t 1216
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Closed again at 1225
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Price hit of target 1223.38 and low at the time of commenting is 1223.30.
lets see its backing up or not
Trade closed: target reached
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So this is how the story of glorious gold ends with target 1223 next story started with the long at 1225 now may this story support us and will take us at 1293 isn't it great.
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Next trade on Monday opening with stop loss 1236 and target 1218. guys are you ready
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Sold gold again at 1234.50 for target 1218
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The gold closed again with 1000 ticks i.e 100 pips shorted since 1234.50 and next looking for breakout here to go long
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Shorted Gold again at 1221 for target 1206 guys cheers and trade safe
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Closed at 1209 successfully next gold shortly
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Again opened the trade for long at 1207.50 for target 1222 and the story of gold continued here again so entered the trade again.