GOLD - Short term trade idea for the bounce out of the DCL
I must notice the divergence between price and MACD - RSI . On the daily chart we almost tagged the 100 EMA.
My original idea was the bounce from the 100 DEMA at the DCL.
So I will give a chance to the bounce out from the DCL. In this case I suppose that the DCL was today and we will have a bounce up to 1240-50$.
WE are simply too late in this daily cycle, and I have a feeling that the dollar is loosing its strength today.
This trade needs a stop. So if you join put your stops below 1219.50$
The risk is 3.5$.
The plan is unchanged , the daily chart levels are still valid. I just want to take some awful chances.
PS. If you don't agree, don't understand just skip this trade. This is not going to be the trade of the week.
My original idea was the bounce from the 100 DEMA at the DCL.
So I will give a chance to the bounce out from the DCL. In this case I suppose that the DCL was today and we will have a bounce up to 1240-50$.
WE are simply too late in this daily cycle, and I have a feeling that the dollar is loosing its strength today.
This trade needs a stop. So if you join put your stops below 1219.50$
The risk is 3.5$.
The plan is unchanged , the daily chart levels are still valid. I just want to take some awful chances.
PS. If you don't agree, don't understand just skip this trade. This is not going to be the trade of the week.
Сделка закрыта: достигнута стоп-лосс цена
Комментарий:
Attacking the 10 EMA
Комментарий:
Let me explain again the main plan is unchanged:
we are waiting for gold to enter into the panic selling stage below 1200$.
But we have to print a DCL first and a 4-5 days bounce out of the DCL.
I'm trying to trade this bounce. For those who are holding the shorts it's no problem.
My core position is still short. Just playing this bounce with a small bet.
we are waiting for gold to enter into the panic selling stage below 1200$.
But we have to print a DCL first and a 4-5 days bounce out of the DCL.
I'm trying to trade this bounce. For those who are holding the shorts it's no problem.
My core position is still short. Just playing this bounce with a small bet.
Комментарий:
Closed above the 10 EMA and attacking the 20 EMA.
So I'm long again with a small position from1221.5$.