We are holding well below the MA 200. The rise above it 5 days ago has been a false break. Thus we may expect the continuation of the depreciaton of gold. Do they all trust Trump? It seems so.
Trade closed: target reached
⋅
A preliminary target had been reached. I was waiting a bit to long to take the maximum but nevertheless, the deal is in profit and has been a success.
Trade active
⋅
I am taking the now reached higher price to re-open the position. There is still no sign of a gold strength at moment.
Trade closed: target reached
⋅
Same procedure. I tokk the profit a little bit to late. But it was the second profit from this position now so that we can consider it as a success. As the price is now rising again, perhaps there will be another chance to go short at a better price.
Comments
jojofang0901
⋅
Very nice trade setup, thank you for sharing your idea. i have similar view on this pair as well.