MCX GOLD is currently trading at 68900.
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active:
CMP 69450
Adding more position here.
Avg sell price now is 69180
Holding with 70100 SL.
Adding more position here.
Avg sell price now is 69180
Holding with 70100 SL.
Trade closed: stop reached:
SL 70100 reached. Time to close it. looks like a trap.
Only god knows where gold is headed!
I will short again with small SL if breaking 69800 now.
Only god knows where gold is headed!
I will short again with small SL if breaking 69800 now.