Short GOLD Long Term. Monthly chart Elliott Wave.

Everything is described in the monthly chart above. Elliott Wave is more reliable on long term charts.

Trade active

Opened position at 1186. Stop Loss at 1206.
Take Profit? Just let it run for now. Should be somewhere between 800 and 500 in 2022.

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Take Profit between 1110 - 1140 for short/medium term traders.

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Long term traders could take profit when DXY has a clear sign of technical correction. And reopen short position of gold afterwards.

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If you haven't open a short position yet. Please time it right. Never open short when it has dropped a lot already, but wait for a pull back to finish, then open short with stop loss above previous high. I use 1 hour chart to detect this.

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120 pips profit already. Enjoy!

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Short more NOW if you haven’t already.

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Short now

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Making nice money? Don’t be selfish and LiKE and Share this.

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