Seems if Gold is not break 1274-1278 area, it will slide down to 1220, and this time it may break below it too.
Trade active
Note
Still has not break out 1274-1278 area, so the idea of sliding down is active.Note
1278 level breached out. So I hedged my SHORT trade with a LONG trade! To see if this is a bull trap or it is a bull market! Take careTrade closed manually
Long Trade Closed at 1277.5, because I think it was excited market. I put pending Buy Stop at 1280. The Short trade is active!Note
Maybe Gold is printing Broadening Top on H4 chart and will slide down soon!Note
If you have BUY trades from 1280 of below, My advise is to close them all at this topping on 1285. If your money management allows add Short trades.Note
It seems better to have BUY again, please!Trade active
My Sell from 1269 is still active.Trade closed manually
with more than $ 50
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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.