Downtrend not yet ended

FX:XAUUSD   Gold Spot / U.S. Dollar
71 6 2
We retraced more tham 50 % up but this does not yet mean that the downtrend has ended.
And now I am taking the remaining profit closing the position. Let's see if we find a new entry later.
I am now taking the first fat profit and close part of the position. I am still leaving part of the position short in the market.
Don't think so. It's uptrend... There is room for moving up to 1280.
Peter128 Peter128
Only wanted to say: I wait a reversal signal... there is no one yet... Given yesterday's economic FOMC data & election season in US, I don't expect a reversal signal very soon.
Peter128 Peter128
I will let you know when the reversal will be in place. All the best.
motleifaul Peter128
You are welcome.
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