Metal trade 3.

I've started to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Metal trade X.
Metal trade 2 ended with 824.5$ profit.
I'm going to play the move down into the DCL at the Metal trade 3.

Total capital: 17232 $
Position moved from the Metal trade 2.: 50 XAUUSD short (price : 1244 $)

I'm planning to add to the short positions around 1240$.

Comment:

Selling 50 XAUUSD at 1240.5$

Comment:

I posted this at the old Metal trade...

Comment. Selling 100 XAUUSD at 1239.64$

Comment:

Guys this is the point where I think gold should be sold.
This is PERFECT.

Comment:

Gold is in a flag. But the dollar is leading: we are just waiting for to break out from the wedge.
Gold is tagging the trendline 3rd time. It's a strong resistance : we will still have time to exit from shorts
in the flag

Comment:

Waiting for Draghi...
Once we break above 1267$ I stop the position.

Comment:

Once the dollar breaks out of the wedge and prints the DCL gold will have one more leg down.
Gold chart starting to look like a wedge. It could break down with outbreaking dollar

Comment:

And the dollar is breaking out of the wedge

Comment:

As we stopped out at 1267 and the raising wedge seems to be working I will sell again the
200 XAUUSD at 1274$.

Comment:

Comment:

Dollar still in a rally mode.

Comment:

Now I think we have to watch the markets. If they buy SPX, Nasdaq and the Dow by the end of the day gold will print a reversal candle. ( As money flowing out of the PM sector to stocks)

Comment:

Buying 100 XAUUSD at 1256

Comment:

This position is too heavily leveraged for this night

Comment:

I had 200 XAUUSD short. Now closed 100 XAUUSD short.
Total position: 100 XAUUSD short