GOLD Clean trading
Gold has been bullish for a very long time, that is awesome.
But now I believe there is a potential short in the market, then maybe a continuation uptrend for the next week.
Not so long ago we made a trade that broke out from the consolidation. (Back testing GOLD)
&
That flew off the roof literally. (Should of made the trade, but thats okay :))
WHY DO I THINK WE WILL SHORT:
- We have been bullish for a while and I would like to see some structure on the daily time frame.
- If it doesn't go our way immediately, I want to see at least some consolidation.
- SPX has been bullish as a trend, If you zoom into the 4 HR TF and draw a trend line, it has a potential of moving up. ( If SPX goes up potentially NAS & US30 too, making GOLD go down)
-We must see struggle of the market before we enter. Not every trade will go your way, I learned that the hard way.
But now I believe there is a potential short in the market, then maybe a continuation uptrend for the next week.
Not so long ago we made a trade that broke out from the consolidation. (Back testing GOLD)
&
That flew off the roof literally. (Should of made the trade, but thats okay :))
WHY DO I THINK WE WILL SHORT:
- We have been bullish for a while and I would like to see some structure on the daily time frame.
- If it doesn't go our way immediately, I want to see at least some consolidation.
- SPX has been bullish as a trend, If you zoom into the 4 HR TF and draw a trend line, it has a potential of moving up. ( If SPX goes up potentially NAS & US30 too, making GOLD go down)
-We must see struggle of the market before we enter. Not every trade will go your way, I learned that the hard way.
Trade closed manually
rip trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.