CFDs on Gold (US$ / OZ)

Short

Gold is looking like a short

By farmtrader15

Updated

With gold topping out into key levels (golden pocket, macro trendline, medium term resistance zone) and losing important momentum (MACD and RSI) I think its time to lean into a short. I entered this morning on the recent spike up into the red line. Along with these factors we are seeing the DXY (dollar) running into a zone of support.

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snapshot

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Reentered

Trade closed: target reached

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Partially closed

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