Hi guys,
Apologies for a quiet week last week - lots of USD news that was messing with the markets, and I was unwell after a covid vaccination. Much better now!
We are almost at the major descending trendline now for GOLD. If we sell, we will sell here.
Look for evidence of bearish potential (flags, pennants, or a double top) and enter with a tight stop loss.
If you break stop-loss - DO NOT re-enter as the Bearish setup is invalidated.
Good luck and trade safe!
DrBear
Apologies for a quiet week last week - lots of USD news that was messing with the markets, and I was unwell after a covid vaccination. Much better now!
We are almost at the major descending trendline now for GOLD. If we sell, we will sell here.
Look for evidence of bearish potential (flags, pennants, or a double top) and enter with a tight stop loss.
If you break stop-loss - DO NOT re-enter as the Bearish setup is invalidated.
Good luck and trade safe!
DrBear
Trade closed: stop reached:
We hit TP1 before going back up and breaking out.
A small profit is still profit!
Look at my newest idea - provided for FREE - to get more out of gold.
A small profit is still profit!
Look at my newest idea - provided for FREE - to get more out of gold.
