I'm going short gold after closing longs, I'll add if we break under today's low, on close, with a tighter stop as a swing trade.
Good luck!
Ivan 'gold bug party pooper' Labrie.
ps: I'd reccomend against going long gold miners, gold, silver, and others here, risk is very high. Wait for commercial traders to go flat again (like at the beginning of the year)
Trade closed manually
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Let's stand aside for now and reasess. We might be able to short higher, but long trades don't look safe either. Last: 1271
Comment
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We got long today, short term position, looking to unwind and go short higher.
Thanks for the comments, and for checking out the posts.
Cheers.
InsideMarket
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UÉ!
You see why it felt strange at the time.
IvanLabrie
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Hi, I don't use Elliott Waves so I wouldn't know.
Did you see my updates?
You caught the long?
InsideMarket
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I didn't catch by only 2 dollar difference between the price and my order.
The following impulse I've just ignored. Too wild for me.
IvanLabrie
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That really sucks, sorry to hear.
Remember this phrase: "Don't be a dick for a tick".
It'll serve you well. Problem is sometimes you have to be there watching to market buy.
You'll get it next time, so, not a big deal.
Thanks for stopping by.
InsideMarket
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You're selling when I'm trying to go long. This feels strange.
IvanLabrie
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Hi, well, we don't always have to agree. No problem.
I just see a very strong bullish sentiment but my technical analysis points to a downtrend at work here.
Have a nice day, thanks for the comments.
albertwt
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Thanks for sharing the analysis Ivan,
I guess you are right, it will be bearish down especially after the US election when Feds increase the rate as the gift for D. Trump.
IvanLabrie
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Possibly, yes.
This setup will have more confirmation if price quickly moves under 1255 and makes no new high above yesterday's high before that.
Good luck.