Sell Gold

If you look at the past few weeks, gold moves in a nice pattern. According to that, I place a short order in order to have some nice profits.

In the long run I believe Gold is in an uptrend, but for now, I will trade the pullback and take some profits.

Good luck to you and only trade if you agree for 150% with my ideas.

SL is above the last candle, and TP at the support for now, might be adjusted.

Comment:

Ho Lee Sheet!!!

Profits like heavy rain here!

Comment:

Profits flying in!
I adjust my SL every now and then, just never to close, since I dont want to be stopped out.

Comment:

I took a nice swing here, very good and predictable profits!

Trade active:

And we do have another entry, since the price could not get higher than the last high, the bears are still in control. And for the next couple days, I am a bear on gold. I will keep trailing my stop here, always above the last candle.

Good luck!

Comment:

Well, the price could not break the resistance, so I believe it gave us another nice entry just now ;-)

Trail your stops on gold, right now it is a little bouncy. Or think as an investor, and go by buy and hold, but thats not my strategy, and I dont know where price will be in one year...