Gold - Lovely Pin formed - SHORT

13 May 2018

I'm short on gold until the 50% fib levels where there is major support from 1295 - 1305, where I will either be looking to go long, or continue on down towards 1285.

We currently have a nice long tail on the pin bar at a major level of confluence, the RSI and volume is declining and we have a huge amount of strength in both US indicies and although a slight pullback on the DXY, it's bullish on the US dollar.

Stop loss above the pin after seeing what the market is doing.

Happy hunting

Christopher

14 May 2018

İşlem aktif

14 May 2018

Not

Trade is progressing slowly, but perfectly

15 May 2018

İşlem aktif

I'm still active, but I've covered my profits with a stop loss and taken some profit, looking to move further down to 1283.

15 May 2018

İşlem kapandı: hedefe ulaştı

27 May 2018

Not

You can continue to be short on Gold, I've added an update here.