Metal trade 3.

I've started to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Metal trade X.
Metal trade 2 ended with 824.5$ profit.
I'm going to play the move down into the DCL at the Metal trade 3.

Total capital: 17232 $
Position moved from the Metal trade 2.: 50 XAUUSD short (price : 1244 $)

I'm planning to add to the short positions around 1240$.

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Selling 50 XAUUSD at 1240.5$

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I posted this at the old Metal trade...

Comment. Selling 100 XAUUSD at 1239.64$

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Guys this is the point where I think gold should be sold.
This is PERFECT.

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Gold is in a flag. But the dollar is leading: we are just waiting for to break out from the wedge.
Gold is tagging the trendline 3rd time. It's a strong resistance : we will still have time to exit from shorts
in the flag

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Waiting for Draghi...
Once we break above 1267$ I stop the position.

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Once the dollar breaks out of the wedge and prints the DCL gold will have one more leg down.
Gold chart starting to look like a wedge. It could break down with outbreaking dollar

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And the dollar is breaking out of the wedge

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As we stopped out at 1267 and the raising wedge seems to be working I will sell again the
200 XAUUSD at 1274$.

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Dollar still in a rally mode.

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Now I think we have to watch the markets. If they buy SPX, Nasdaq and the Dow by the end of the day gold will print a reversal candle. ( As money flowing out of the PM sector to stocks)

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Buying 100 XAUUSD at 1256

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This position is too heavily leveraged for this night

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I had 200 XAUUSD short. Now closed 100 XAUUSD short.
Total position: 100 XAUUSD short