Gold shorting attempt #2
Updated
There is not that many examples to work with with gold:
I do not know of a way to access a gold chart before 1975. I know prices year per year since 1800 but that's it.
This works, some times. Gold is either a currency, or a commodity, and this typically works with both commodities and currencies.
Also, I have too look at the higher time frame, see what could go wrong, not just what "proves me right":
The gold bubble of the late 70's/early 80's.
It bottomed in 99/2000.
What if....
It actually looks like this in 1980-2000
Also, will this ever stop? I won't touch it. No way.
1350 is a really good place to short gold.
I do not know of a way to access a gold chart before 1975. I know prices year per year since 1800 but that's it.
This works, some times. Gold is either a currency, or a commodity, and this typically works with both commodities and currencies.
Also, I have too look at the higher time frame, see what could go wrong, not just what "proves me right":
The gold bubble of the late 70's/early 80's.
It bottomed in 99/2000.
What if....
It actually looks like this in 1980-2000
Also, will this ever stop? I won't touch it. No way.
1350 is a really good place to short gold.
Trade active
I closed part of my position I was not comfortable shorting at this price.Made a few $$$ wuhu.
Waiting for the big 1350 to short big (I am 13% in now), a stop loss at 1400 should leave plenty of space.
1350 doesn't seem that far. Just a waiting game now.
Note
Dayum son
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