Trade Idea to Short Gold at current price. See below

13 сент.

https://www.tradingview.com/x/WZXyLWu9/

Gold price looks to be at a topping area and will come down it's corridor to lower prices. I think much lower prices during NY today.

For now, I am Shorting XAUUSA at any price between 2566.50 to 2567.
STOP LOSS is quite tight giving good RR. 2574.10 SL

This is a Short Trade of Gold XAU USD.

* Trading is risky. This is an educational publication only.

13 сент.

Сделка активна

Short Gold Price
SL: 2574.10
Sell between 2566.50-2567
TP to be announced. Much lower.

13 сент.

Сделка активна

You can see in this chart that gold is moving in a rising wedge. However, its a the top of this wedge so its price will drift down.
Further, all of the bullish moves were made in Gold trading yesterday and during Asian trading today. Today, will be very bearish for Gold especially on the rally of the USDx

13 сент.

Сделка активна

Short the gold price.
SL 2574.10.
On the 1m time frame price dipped into some 1m order blocks and got a bounce. I think lower lows and lower highs from here.
Nothing significant on the USA economic calendar today

13 сент.

Заметка

You never know guys...If what I think is going to play out today in the NY session reference to a USDX breakout....we will be riding this down to at least 2450 with a bit of luck.

13 сент.

Заявка отменена

SORRY GUYS STOPPED OUT. I got short just now up at 2580. I can't believe the gold price is that high

13 сент.

Заметка

I took 5 positions Short in xauusd at 2580 level.

13 сент.

Заметка

Stopped out back there guys, I under estimated just how bullish these gold buffs are at the moment and their floating artwork into the candle-lit-sky. I shorted them all at 2580.

13 сент.

Заметка

Plan of attack is ShORT guys. Our confirmation is the breakout of the USDX. Don't get short like I already have until you get that confirmation. Too many gold bulls out at the moment,

13 сент.

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Heres why I think today is the day. I am just waiting for the USDX Daily Stochastic to Sync with the rest of the timeframes. See how they are all in Sync and about to cross up and breakout I think.

13 сент.

Сделка активна

Short the gold price above 2575
STOP loss: 2585

13 сент.

Заметка

30 minute chart on gold. The last 30 minute candle was very bearish.

13 сент.

Заметка

I roughly estimate that the USDX fireworks are about 1 hour away.

13 сент.

Сделка активна

The first Gold trade got stopped out.
The 2nd trade was a Short at 2580 and I understand the Gold price has wound back to 2574.
I still feel a sense that the USDX will breakout before next Thursday. I felt strongly that would occur today and I still believe it will happen soon.

13 сент.

Сделка закрыта вручную

I have closed this Short because I see continual rechallenges of high price set. Until I get more evidence to go Short,