And touching the channel resistance again! 1.618 of Fib lining up with channel resistance, and some global fundamentals are signaling short. Very aggressive entry, but I think it worth it. This is more of and investment type trade, and I don't expect to close that trade no sooner than than end of April. Good Luck!
Comments
Serse
⋅
out of channel
stopped out?
ErfanParvini
⋅
Technically not stopped out yet, simply because we have not hit SL yet. But looking at the fundamentals, stocks market, and the significance of this breakout, I think the trade will hit SL. Gold is the investors safe heaven, when the stocks go down and gold goes up means market is skeptical. China's stock market circuit breakers cut off 3 times last week, so it is a little bit worrying, you guys be careful in the market! Good Luck :)
stopped out?