Gold Short

Looking for a breakdown in Gold the first week of July with a target just below 1180. There will be some panic selling hitting gold very soon.

Monday July 3 and July 5 will be important timing days.

Good trades to you!

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The selloff has started. The first hurdle is near. I read that some expect a bounce. If there is a small one it wont be sustainable.

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short term target 1213.45

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Wednesday is a panic cycle day. We may begin a bounce until Wed and then have a strong sell day. In a fast moving market sometimes it is best just hold the short rather than try to play every turn.

You could take 1/2 off and look to re-short.

I am just going to hold

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A very positive day for the gold short. I am looking for the selling to increase on Wed July 5

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The bounce as expected. but seems week. I would like this to bounce a bit higher then fall hard on Wednesday

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Lets try that view of the bounce again.

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Expected bounce is almost finished in my opinion:

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Not the best finish for the day if you are short. Taking a look at the weekly we are still in good shape to hold the short. I still feel we are not done with the push down

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Trade closed: target reached

will look to re-enter if this breaks down but taking profit ;) as i expect a bounce

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1214.03

psp

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psp