Another Short position
All previous positions were hit and now we are on another selling leg. During the day we had an rejection on bearish reversal but now we see chances of new bearish trend. DX fell a bit and eased off selling pressure on Gold but it will find it's way to be Green again and that is another chance for us to take profit on a new short position on Gold with Take profit #1,177.80. I expect Gold to go further down to January 2017 low, #1,155,80. On Wednesday Existing Home Sales and FOMC will push down price of Gold even more.
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- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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