GOLD bearish short-term idea (H1/H4)
Updated
Hello All!
Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
If yellow wave is successful, it'll finalize the creation of major purple project.
Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
If yellow wave is successful, it'll finalize the creation of major purple project.
Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
Trade active
TP1 reached successfully,half of positions closed, for remaining shorts SL moved to breakeven:Trade closed manually
Remaining positions were closed manually as the price kept going up, the last one was kept until SL at breakeven was hit.Related publications
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