Gold - correction/swing trade - take profit at 1525 $

market price is near breakdown from short term up trend line. Don´t short it before market shows us a clear sell confirmation which is drawn in the chart, we could see a fakeout with high probability. Current world finanical and political situation is not the best for shorting gold but every market needs a correction movement which is healthy at the end of the day.

In long term don´t short gold, in the long run it will hit the 2K area (within next 6-8 months) so put 10 % of your money or more in phisycal gold to rescue your money before next big bank crash. Read my analysis "how the bitcoin will change the financial system" for further information in relation to financial crash topic.

-stochastic rsi is already near heavy over selled area which implements another small up movement which could be sell confirmation
-regular rsi is near trend support line on 1H - expect fast down movement if the rsi line breaks the pointed line downways

Trade active:

short trade active

Comment:

Trade closed: stop reached

Comment:

market moves to target after long shakeout - very unlucky