pongbao
Short

Trading guide for next 2 to 3 weeks

FX:XAUUSD   Gold Spot / U.S. Dollar
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2
I concluded two major potential selling buying points for FX:XAUUSD . The plan consists of selling at the 1333-1336 all the way down to 1277-1280 range for another round up.

Note: I use my published posts as a trading guide. Please trade responsibly.
Trade active
Comment: I reset my SL to 1344 for a 1,050-pip stop which is equivalent to 7.87% downside, yielding a risk/reward ratio of 5.24.
Trade closed: stop reached
Trade active: Reactivating the trade. Bearish divergence on daily.
Trade closed manually

Comments

it sounds reasonable, I don't like this bull idea for gold, the economy will heal, has to, we don't need old fashioned gold standards, kind regard, Harry
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pongbao harilaos
I'm extremely bearish on the outlook for gold for the next two weeks, as it seems that all economies have been quickly recovering right now, the Fed might just decide to raise interest rates on their own accord. I am not discounting the possibility of reaching 1356 however. My stop got hit, and so I will be going back to the drawing board to come up with another idea.
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