Theto_Morifi

Gold Short Idea

Short
Theto_Morifi Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Please feel free to send you views on Gold, I would highly appreciate you input considering how controversial current emotions and psychs regarding gold are. #FOLLOW4FOLLOW

This is my interpretation of how gold has performed thus far and from that came the prediction of where it is most likely to go. I am short biased and part of
that being because of my previous gold analysis that I published. There is still a lot of potential bearish pressure and speculation, however we cannot deny
the uprising in bullish psych as well.

Short trade is currently active

TP @ 1640.00
@ 1601.00
SL @ 1715.00

This will be an interesting week to come.
Trade closed: stop reached:
Price moved well, but reversed and stopped me out at break even. I will give it some time and observe its behaviour.

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