Waiting for setup and signal to Short-Patinum

https://www.tradingview.com/x/NnSMOokb/

This is coming up guys. A short in platinum. It won't be a long trade, this will be a Short.

Trade active

TP:

Trade active

LONG XPD USD
Possible TP zone: 1041

Note

I will probably lock in profits well before 1041 to free up some margin but this is where is possible to get to.
About 7% above current price

Note

https://www.tradingview.com/x/IlFB7mtm/

I hope you are all well.

I am back after a little nap. I was so drained after studying the Gold Price all day in the Oceana session. It's in another thread but I could see weakness in the Gold price earlier & its lacklustre ability to get back above 2031.70 area.

Next I looked at the Gold-price RSI & Stochastic levels from the 1hr right up to the monthly timeframes & every one of those timeframes was very overbought. So there was no demand for buying Gold so the price had to adjust down. Of course demand will come back into buying Gold at these levels under 2500.

It was a mammoth trade, I was locking in profits on the way down from about 2028 or somewhere at that price-point, then I would sell again into things like Fib retracements. My Stochastics, RSI & even MACD acts like a road map in my mind, in other words I knew it was going much further down.

Then I saw a monster M_TOP forming on the 4HR and I realised that this particular bearish system was the one that would probably take Gold down to a level that I tipped and documented - anywhere from 2484 to 2480.

Here is another trade I gave my followers, trading is much more fun when you trade together even though I don't technically know you yet, it is good to help you with your trading and to put some money in YOUR pocket.

This trade we took on the side from shorting XAU-USD is none other than Silver XAG USD. Please take a look.

Note

Easy_Explosive_Trading

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