GC1! Gold futures. Who's ready to short?
Updated
Good morning traders.
I'm quite interested in a short swing trade on gold futures quite soon. It appears we have some divergence happening coming into major weekly resistance zone. This divergence/resistance combined has created some bearish pressure enough to impulse past the first valley of 1320 area. I believe with all these signals together we could form a decent short position taking profits as we retest zones 1250's and 1220's using the current swing high of 1350 as my stop.
Remember to always manage personal risk and follow through with your trade plans!
*Will update trade idea as we go if people are interested.
Please leave a comment or a thumbs up if you agree.
Enjoy and good luck traders!
I'm quite interested in a short swing trade on gold futures quite soon. It appears we have some divergence happening coming into major weekly resistance zone. This divergence/resistance combined has created some bearish pressure enough to impulse past the first valley of 1320 area. I believe with all these signals together we could form a decent short position taking profits as we retest zones 1250's and 1220's using the current swing high of 1350 as my stop.
Remember to always manage personal risk and follow through with your trade plans!
*Will update trade idea as we go if people are interested.
Please leave a comment or a thumbs up if you agree.
Enjoy and good luck traders!
Trade active
Good morning traders.A few weeks has passed since i've updated my trade. I'm currently positioned into a short. My entry from above has worked out nicely, price hasn't dropped like i was hoping for yet, but will update as we go along over the next few weeks. If this trade plays out i'm expected some longer term consolidation so i won't be holding my short to make new lows from 2018 september, instead my profit targets are above that low swing.
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