OmegaJ
Short

Short Gold

FX:XAUUSD   Gold / U.S. Dollar
162 3 7
Based on clones, I am looking to short gold             with low risk reward.

If current levels holds, gold             has formed a lower high on 60min TF
Comment:
snapshot
Comment: Trade has moved to B/E.. High chance this trade will fail
Trade closed manually:
snapshot


Trade closed
I'm a little concerned bout shorting gold in these times, Fundamentals-wise, @Omega. Technically too, I thought that you might want to see how price react to the top to the left.. Also, whilst I dont rule out the possibility of some reaction near this top, I also want to think that 1400 might still play magnet to price. Watching this w/ you, my brother.
XAUUSD: UPTREND CONTINUATION FOLLOWING PB
Reply
@moorekapital yes, I'm not sure why did I short this. Maybe due to the fact that uk rate cut was not enough to push gold price a higher swing high. I'm watching this very closely as well. Conservative positions. NFP may push for a new high. Till then .
Reply
what do you think now
Reply
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