FX:XAUUSD   Gold / U.S. Dollar
13606 197 96
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.
snapshot
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
snapshot
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
snapshot
Comment: And the dollar is breaking out of the wedge
snapshot
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:
snapshot
Comment: Dollar still in a rally mode.
snapshot
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
{Buying 100 XAUUSD at 1256} Hold.. Hedging.. Hooray:)
Reply
Arpi,
I really appreciate what you are doing. As gold fell, GDX wasn't falling much. At the end of the day today, US stocks surged up and DUST was surging up rapidly so I bought 6000 shares (long) of DUST at 10.68 right before the close. Hoping for a big gap up in DUST at the open tomorrow morning. I am also adding FOREX trading to my account. Are you concerned that the late rise in the S&P 500 seemed to be with a low volume? Thank you for all your work, experience, and knowledge.
Reply
SPX was not a fake move. It will break to new highs tomorrow if UK stays with the union
Reply
16:17 $ 25.215 3,000,000 :)
Reply
chartwatchers PRO pbartashevich
What is this?
Reply
pbartashevich PRO chartwatchers
That was a 3mln single transaction in GDX. There one more with eight million (16:39 $ 25.22 8,576,028) and one with 0.9mln (16:39 $ 25.22 995,210). It is kind of a quarter of today's volume.
Does it tells anything?
Reply
pbartashevich PRO chartwatchers
That was GDX after hours 3mln transaction. There one more with 8mln and one with 0.9. Total after hours volume is now 14mln. Does it mean anything? or just big guys moving shares around as usual.
Reply
You mean: covered 100 XAUUSD?

Reply
From his most recent update looks like it yes
Reply
Yes. Half closed. I'M not sure what will happen. Half is enough if you are not 100% sure what's happening...
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