Mentioned earlier that I am bearish on Gold. I still do as this week many uncertainties will be unfolded.
Part 1 of US-EU trade war have been semi-resolved*, the value and purpose to hold gold have decreased. Once part2 of US-CHINA trade war have ruled out as well, opportunities and rewards from other markets and instrument will be far much more tasty than holding gold.
This is a short term short trade as I see multiple support level (unless broken strongly).
`Manage your risk and Trade safe
Part 1 of US-EU trade war have been semi-resolved*, the value and purpose to hold gold have decreased. Once part2 of US-CHINA trade war have ruled out as well, opportunities and rewards from other markets and instrument will be far much more tasty than holding gold.
This is a short term short trade as I see multiple support level (unless broken strongly).
`Manage your risk and Trade safe
Trade closed manually:
Closed trade at breakeven. Price start to bound before TP level.
Breakdown isnt strong thus not sustainable. Will monitor for next possible entry if available. There are definitely opportunities as we have 2 more key speaker ahead.
Breakdown isnt strong thus not sustainable. Will monitor for next possible entry if available. There are definitely opportunities as we have 2 more key speaker ahead.
Comment:
No intention to chase or get desperate over a trade, but rather will look out for shorting opportunity.