GOLD has not had a decent correction as yet, and every day we are higher showi8ng market is hungry for it, however, it is very over extended, and it is for the careful leveraged trader to ensure we survive. I have been adding slowly with low leverage and it is good to be add further shorts to the existing positions at current levels. Just to add to the information, the RSI levels weekly to be 90..00% and higher even on Heikin Ashi suggests that the correction will be very severe.
Strategy SELL @ $ 3,475-3,515 and take profit in stages, i.e. first @ $ 3,367 and followed by $ 3,167 for now.
Strategy SELL @ $ 3,475-3,515 and take profit in stages, i.e. first @ $ 3,367 and followed by $ 3,167 for now.
Trade active
took back 65% of position @ $ 3,347. Rest will monitor. Trade closed manually
I took back rest of position @ $ 3,321 and will re-access it. Disclaimer
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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.