XAUUSD - SHORT
Updated
Not convinced this is a breakout headed to new highs yet. Not without a real push above 1965, followed by a correction. So took another shot on the short side, again a $15 or so SL on it.
From a larger perspective all we did was make an all time high ATH in AUG, as real interest rates made an ATL and then we have a nice corrective move lower in gold. So this rally does not convince me yet, and I am still convinced with rates continuing to rise, that all we will do here is make a Lower High from the ATH here in gold
From a larger perspective all we did was make an all time high ATH in AUG, as real interest rates made an ATL and then we have a nice corrective move lower in gold. So this rally does not convince me yet, and I am still convinced with rates continuing to rise, that all we will do here is make a Lower High from the ATH here in gold
Note
SL to BENote
Trail the SL down to 1930, First TP 1855 for near term TP, Otherwise could have added on the break and TP 2 1770Note
Covering small amt here at 1855Note
If we have corrective action back to 1885-1900 today, then can re-shortNote
1825 next tp levelTrade closed manually
Went long till EOD from 1837, will be out over weekend
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