Withaai
Short

Gold going down again

FX:XAUUSD   Gold / U.S. Dollar
272 1 2
Here I have an option to sell gold             as my 48 mva crosses my 96, I do not open my order directly after the cross, I wait for a little retrace and then open a order should it continue downwards below the last low just before or just after the mva's crosses. In this way I don't run a loss should the signal be false and the price changes direction.
If I am not to sure of the price direction I will wait for the 96 to cross the 192 and do the same order.
The 96mva never crossed the 192mva as USD news shock gold today. So we stay out of this trade.
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