TheZabisyu

GOLD / Swing is a thing / 1270?

Short
TheZabisyu Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
I am not saying it is the real time to sell, but we could have a swing down.
Levels are great for that.

On opening first move up to 1310, 1311 then all the way down to 1306.
This could be a very great trade, why?


If you sell at 1310 you have 4$ dollar move at least!
What you're doing next is you move SL to BE here comes your risk-free trade.
And the beautiful thing about this is that if it is time to sell, we are in from the TOP.
We can break 1306-1305 and have a deeper Fall.

We can always add later on when we see intraday levels day by day! Let's see how this works out.

On this trade, I do suggest you use SL somewhere above 1311.

REMEMBER - THE FIRST MOVE AFTER OPENING HAVE TO TAG 1310-1311 IN ORDER TO SELL. IF THESE NUMBERS DON'T GET HIT AND MARKET MOVE DOWN TO 1306 IT IS A BUY SETUP.
I STRESS THAT.

On Opening Sell Stop will be set right on 1310.00

If my guts tell me the right picture we could fall down to 1299 in this new swing. Let's see.
I have not yet confirmed 1270 as a target for myself so I am not saying here we go. I am just trying here and if I get lucky I get sell position in awesome place.
But somehow I do think we could reach it because there was something about that 1276.6 pivot
Here is the previous chart:
Comment:
Just 1 lot/contract on this swing from 1310 to 1299 can bring you 1k in profit. Easy money and small risk.
At 1270 it would be 4-5k in profit!
Just one small little tiny lot can do big things for your wealth. I'm just saying that so you don't go all in
Comment:
Holly....
Trade active:
Lol, well at least I had no time given to setup the order.

Now I have Done it!
Sell at 1320,12 Active!
2 lots.
Comment:
That was one god damn fast thing right there on opening.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.