Shorting Gold!

2 Mar

Gold has been on a TEAR through 2025. Overextended in ATH territory and more expensive than ever before in history. Logically, we should expect a return to historically normal (still expensive) prices.

Daily chart is showing 3/3 sell signals
1. Price below 9 period MA
2. RSI bearish fanning beautifully from overbought levels
3. Average Daily Range expanding with volatility

I'm aggressively watching for shorts on Gold, Silver, and Copper in the weeks ahead. I've outlined 3 possible entries IF we're lucky enough to see some kind of relief from last weeks selloff. Should price proceed to fall, preparing smaller time frame short trades. I strongly believe we will see 2800. Strategy is invalidated if price breaches ATH's

3 Mar

İşlem aktif

1/3 position entered

4 Mar

Not

2/3 and 3/3 position entered. Prepared to de-risk first 1/3 if >2940

5 Mar

Not

Full position still held

8 Mar

Not

Full position still held. -3 avg price 2908. 2 hr close above 2940 closes 1/3 position.

13 Mar

İşlem elle kapatılmış

Full position closed as price has closed above 2940