yashp1
做空

Gold (xau/usd) short position swing trade

FX:XAUUSD   黄金/美元
Hi everyone.

Today's call is on gold             which has shown weakness in the last week and I expect this weakness to continue in the following week.

The Uptrend which started in mid january of this year was broken in the first week of october as you can see on the chart, Price is now consolidating as it retestes the 200 day ema . There might even be further price corrections to the upside as the orginal uptrend continues to los its remaining power, this could result in the formation of a J hook pattern. My personal sentiment is bearish or neutral as long as price stays below 1320.
The following is the sell position entered:

  • I will Enter to sell wehn price reaches 1246
    Stoploss at 1282
    target profit 1 at 1205
    target profit 2 at 1152

Editing the trade:
Once the trade is live wait for target profit 1 (1205) to get hit, In which case I will exit half the position and move the stoploss down to Breakeven. If there is clear momentum and volume which shows consistancy in selling preassure I will wait for target profit 2 to get hit. If however the price gets choppy and volatile after hitting target1. I will further tighten stoploss to 1235 or exit the trade if momentum moves higher and if the patterns at that time indicate price moving up.
评论: at the time of writing this comment price is retesting 1310 zone of resistance. the trade is not live yet, short term traders can take a short swing trade if price pivots lower and closes below 1284 can can expect prices to reach support zones around 1252.
i like the 1152 target
回复
简体中文
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出