XAU Scalp Short
Updated
Hello traders.
Quick Friday short play. Profits locked in for the week so we can get aggressive. Tight stop, gold looks froggy =)
Quick Friday short play. Profits locked in for the week so we can get aggressive. Tight stop, gold looks froggy =)
Trade closed manually
closed before friday closing, negligible p/lNote
target 2 is outdated don't close yet I thinkNote
something like thisNote
but as I said before on gold always take profit!!! it can reverse fastNote
ok this was our target, if you dont mind risking a bit I am trying for 1487 close hereNote
1487 is ambitious, don't move your trade plan unless you know what you're doing. in this case its clear bearish momentum is strong and we can just ride trailing manuallygood luck
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dip under 1490 I set stop to 1493 and take profit final 1487,if it keeps bouncing I will close and wait for further development
Note
we already took profits 3 times now so its ok to see what we get herebut I will close on first sign of any tomfoolery...I know better than to test gold
Trade closed manually
1491.50 close I just don't like the potential of gold bouncing here, not saying it will just rather take profits and look for new opportunities at this point. you have to know when a play is deadNote
wow 1487 hit! :D too bad
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