Gold: Short Trade

By Undeterred
Updated
Sorry guys i was not posting for some time. I took two profitable trades while I was not here.
Let's take a short trade as per my strategy. Inshallah, we'll make profit.
Trade active
During the trade I stretched the SL. why? It is because the market was just eating the profits of others. neither the trend was up, nor technical analysis was indicating the market move. Moreover, all US indicators were in favor of US even then Gold was rising. it was just to make small traders panic and to eat up their profits. so we are still in trade. we'll bring SL back to its original spot. We'll make profits out of this trade Inshallah.
Trade closed: target reached
Alhamdulillah, Alhamdulillah. Target reached. Stay tuned, more profitable signals are coming Inshallah.
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer