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Xauusdreversal

XAUUSD SHORTXAUUSD short again, 9yr high for Gold and still holding on to my shorts. another day, another entry. Setting my position at 3138 // TP 3000 SL 3238 A lil discouraged with the current rallies, however, this is what trading is like, you take your L's, gather your emotion, recalculate and execute again(when you're less emotional). Sticking to my Short positions because I believe that this will reverse, it may take a while but im willing to wait. Setting my TP to my previous target to cover previous losses and SL a lil bit further to secure my positions. This isnt a trading or financial advice but my personal trading plan. Let's see how this trade rolls. Day 14of100 L:5 W:1
OANDA:XAUUSDShort
by delrosariohanan
Gold turns at a perfect 38.2%FibLevel onLow of 14Nov Price is down around 2620 after Gold tested 2600 level again or close to it. Perfect alignment with 38.2% Fib levels from the 14 Nov Low. So maybe a fake bounce here and then that final 38.2% down to 2536. I would not be suprised. I finally got a short down to this level. Small lot size but it does not matter, Gold / Silver are penny-pinchers and don't like Shorters'. But its okay for them to wipeout profits in our portfolios which lose value on the march down in price to these huge lows. Then you place a couple of little orders down here at the lows, it's like you stole a Mercedez-Benz. I would not be surprised to see price break lower to form the symmetrical triangle
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading