Gold 12h TF opportunity again

I closed the last post about gold short opportunity. But it is back, Check the 3 trendlines, gold may form a sideway among them, then break down to drop, personally, I will wait for the price retest 1723, then resist by the downside trendline, if do so, get in the trade when price breakout. I will update later when the opportunity is coming.

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Wait for the hourly close, the half position may be triggered.

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Price pattern doesnt look good, I wont take any trade today, wait for tomorrow to see if any better signal appears.

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Nothing changed, just waiting for the pullback to enter the trade

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If you have the resource, please check the GC price, when price pull back to restest, 1711, the gold spot should be around 1695-1701, that will be a good time to short gold for around $100-$150 downside movement. Let us see what will happen next Tuesday or Wednesday, currently, the entry point is on 2h/3h TF, we need more confirmation signal

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Point is coming, be patient

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Check the next 2-3 hours close, we may have the chance to start shoring gold for next 2-4 weeks

Trade active

Order placed, 1695
SL:1705
TP1: 1620, tp2: 1580, tp3: 1500

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The short position does not move very well, let us see the next 3-4 hours, if the price wont go down more, we may close 1/3 position

Trade closed manually

Price rejected to move down

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I still have 1/3 opening position, wait for the London time

feener

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Gold 12h opportunity

by feener

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