Had a chat last Friday with few people on TradingView in the Gold Discussion
I wrote in my analysing in the previous paragraphs about gold saying that i will be short at 1423, and SL around 1427~1430 ish , and I put 1431 that night and unfortunatelly it got stop loss.
But afterwards I saw it went up to new high, and I hasitated should i put short or not. I was afraid and did not put short position up there, until it comes back down very crazily around 1435. This position was my previous planned position that I will make a short, and so I did it near there, at 1434 when I caught the price action manually. I set the TP at 1416 for the support level and SL once again at 1440 and went back sleep.
I was quite happy my analyse got my position for 1434 to 1416 successfully ! and I saw gold still has a very strong signal going short due to the fact that USD index broke 97 resistance level !! heading to the 97.80 ~ 97.90 ish for the USD index resistance as written in my other topic about USD Index.
For what I think right now, Gold still can go for short position, and I think that the new high for gold was just a spike due to fundamental news caused in the world, but from the technical signals, it is still a strong sign of going short.
My plan for stop losses will slightly change a bit higher to 1431 ~ 1432 if a position was opened around 1427 ~ 1430 ( any signal that weakens I will give it a go), if it does not weaken anywhere there. I will wait back to 1435 and for all short positions stop loss at 1440. My final destination will still be 1360 approx.
Thats plan, Wish me luck guys !
I wrote in my analysing in the previous paragraphs about gold saying that i will be short at 1423, and SL around 1427~1430 ish , and I put 1431 that night and unfortunatelly it got stop loss.
But afterwards I saw it went up to new high, and I hasitated should i put short or not. I was afraid and did not put short position up there, until it comes back down very crazily around 1435. This position was my previous planned position that I will make a short, and so I did it near there, at 1434 when I caught the price action manually. I set the TP at 1416 for the support level and SL once again at 1440 and went back sleep.
I was quite happy my analyse got my position for 1434 to 1416 successfully ! and I saw gold still has a very strong signal going short due to the fact that USD index broke 97 resistance level !! heading to the 97.80 ~ 97.90 ish for the USD index resistance as written in my other topic about USD Index.
For what I think right now, Gold still can go for short position, and I think that the new high for gold was just a spike due to fundamental news caused in the world, but from the technical signals, it is still a strong sign of going short.
My plan for stop losses will slightly change a bit higher to 1431 ~ 1432 if a position was opened around 1427 ~ 1430 ( any signal that weakens I will give it a go), if it does not weaken anywhere there. I will wait back to 1435 and for all short positions stop loss at 1440. My final destination will still be 1360 approx.
Thats plan, Wish me luck guys !
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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.
Related publications
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.