Gold: Preparing for a fall
Updated
Last night, Trump was voted as the next US president, the gold price just like a rocket, but it comes back after few hours. Not only the gold, S&P and USDOLLAR are also bounced back to their previous position (even higher!). I insist that the US election will not have a great impact on the market, also FED will raise the interest rate on December, So Gold may have a fall.
I will start to place my short position here. If Gold bounces back to 1290, i will add more.
I will start to place my short position here. If Gold bounces back to 1290, i will add more.
Note
Like what i said last night, we are heading to 1240.Note
USDOLLAR may goes higher, and we may reach 1240 very soon (even lower!)Trade closed: target reached
Yes it is! Gold is now 1234. Target reach!We have a support from 1215-1235. We might bounce back a little bit or staying here for a while, then we will have a new low.
I will close this idea, and start a new soon
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