GOLD - short term selling
I give one more chance for gold to come down to the lower leg of the triangle.
The upper leg was tested this night.
MACD had crossed over. Stocks are up. Dollar is still heading down today.
Because I don't want to lose on this one - and I'M not sure we can come down to the triangle lower leg - I'll take profit on the half of the position at the 200 EMA (1225.61) .
STOP : 1249
The upper leg was tested this night.
MACD had crossed over. Stocks are up. Dollar is still heading down today.
Because I don't want to lose on this one - and I'M not sure we can come down to the triangle lower leg - I'll take profit on the half of the position at the 200 EMA (1225.61) .
STOP : 1249
Trade closed manually
Closing half of the position at the 200 EMA.The other half I will be waiting to tag the 300EMA and the lower trend line.
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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.