Short Gold@1278
Updated
Market reached important weekly marabuzzo resistance @1278. Price looks to stall and even we start to see more bearishness coming to the market, especially yesterday bearish engulfing pattern.
I sold today@1278, with SL@1302 and PT@1206.
Still counter trend move, so didn't put full size on yet. Would like to see bearish confirmation on weekly chart as well before committing more into the trade.
Will keep you posted.
I sold today@1278, with SL@1302 and PT@1206.
Still counter trend move, so didn't put full size on yet. Would like to see bearish confirmation on weekly chart as well before committing more into the trade.
Will keep you posted.
Trade active
Looks initial position is showing some moderate profit atm. However still against major trend, critical support @1257, if broken, then will continue to add to the shorts.Trade active
market broke important support of 1257 with strong red candle. If market manages to close below 1257 for 2-3 days, next target would be big 1200 level.Also I would start trailing SL now, and also adding to position. SL now @1275, PT@1206.
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