I am bearish on Gold within the Medium Term
We are bearish on Gold within the medium term and hence will attempt a bearish trade at 1277.95 with a conservative stop loss 1296. We will also trail our stop loss according to our default stop loss setting with a profit target at 1222.
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Trading financial instruments (stocks,forex,futures,options and commodities) carries a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital.
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Trading financial instruments (stocks,forex,futures,options and commodities) carries a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital.
Note
Our trailing stop at 1296.558 was triggered and our short position closed at loss after GOLD rally above 1300.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.