GOLD- I am going short. While Markets run.
I have decided to take position in Gold (GC).
Reasons:
- following nicely down channel (Yellow lines)
- Indexes are running hot!!
- top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support.
- 0.50 fib is show resistance and 0.50 is important fib line.
- decent profit to risk ratio.
- my target is pivot as seen on chart. But this is weak pivot because it already respond to even early pivot. So this means I can stay in trade if I want when target is close depending on situation. This also go along with weaker bottom channel support.
I am always transparent with my trading. I show losses and wins no matter what. I always be honest and show you what I do. I do not put all my trades up on TradingView because I would be a lot of work!
so let's see how we do. If you find this idea interesting then please like and follow.
Reasons:
- following nicely down channel (Yellow lines)
- Indexes are running hot!!
- top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support.
- 0.50 fib is show resistance and 0.50 is important fib line.
- decent profit to risk ratio.
- my target is pivot as seen on chart. But this is weak pivot because it already respond to even early pivot. So this means I can stay in trade if I want when target is close depending on situation. This also go along with weaker bottom channel support.
I am always transparent with my trading. I show losses and wins no matter what. I always be honest and show you what I do. I do not put all my trades up on TradingView because I would be a lot of work!
so let's see how we do. If you find this idea interesting then please like and follow.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.