Gold shorting attempt #2
There is not that many examples to work with with gold:
I do not know of a way to access a gold chart before 1975. I know prices year per year since 1800 but that's it.
This works, some times. Gold is either a currency, or a commodity, and this typically works with both commodities and currencies.
Also, I have too look at the higher time frame, see what could go wrong, not just what "proves me right":
The gold bubble of the late 70's/early 80's.
It bottomed in 99/2000.
What if....
It actually looks like this in 1980-2000
Also, will this ever stop? I won't touch it. No way.
1350 is a really good place to short gold.
I do not know of a way to access a gold chart before 1975. I know prices year per year since 1800 but that's it.
This works, some times. Gold is either a currency, or a commodity, and this typically works with both commodities and currencies.
Also, I have too look at the higher time frame, see what could go wrong, not just what "proves me right":
The gold bubble of the late 70's/early 80's.
It bottomed in 99/2000.
What if....
It actually looks like this in 1980-2000
Also, will this ever stop? I won't touch it. No way.
1350 is a really good place to short gold.
Trade active
I closed part of my position I was not comfortable shorting at this price.Made a few $$$ wuhu.
Waiting for the big 1350 to short big (I am 13% in now), a stop loss at 1400 should leave plenty of space.
1350 doesn't seem that far. Just a waiting game now.
Note
Dayum son
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.