Short

Updated

Gold looks shaky for a short

Gold will tumble on a breach of the triangle its currently situated. Here is the trend line in red.

The Gold Price for the past 2 hours has been stationary much of the time at the bottom of a 1 hour triangle. Waiting to be shorted and trapped down lower. Will you join me? There was very recently a 1 to 3m chart head n shoulders pattern so price was on the move upwards and around 2733 now.

For educational purposes as trading can be risky.

The chart has details of a stop loss and 2 profit targets for the Short. Idea is to short Gold with a waiting Limit order at 2735.

Now, if you find that price gets close to 2735 but does not trigger your order, then that will mean that price is heading lower and they don't want you getting liquidity to sell your order and possibly profit from the short. That is when you sell on Market near 2735 or just below.

Stop Loss is 2739.39 (tight) or for a wider but less Reward, place stop at 2744.78, a fair bit of room. I did that because the gold price does retrace and move around a bit pre New York.

2713.76 is TP1 and TP2 is 2682.62 or take profits when and where you feel comfortable.

Trade active

For educational purposes as trading can be risky.

The chart has details of a stop loss and 2 profit targets for the Short. Idea is to short Gold with a waiting Limit order at 2735.

Now, if you find that price gets close to 2735 but does not trigger your order, then that will mean that price is heading lower and they don't want you getting liquidity to sell your order and possibly profit from the short. That is when you sell on Market near 2735 or just below.

Stop Loss is 2739.39 (tight) or for a wider but less Reward, place stop at 2744.78, a fair bit of room. I did that because the gold price does retrace and move around a bit pre New York.

2713.76 is TP1 and TP2 is 2682.62 or take profits when and where you feel comfortable.

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s&p 500 is another short I have active. It also looks shaky.

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A break of the Gold price below the triangle support line 2728.70 would be a good level to sell short. You could get a tight stop loss.

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I'm just waiting for the Stochastic's to cross down on 80 on 3m timeframe. It will be about 2737.50 Short very soon. I have a stop loss f or this order at 2744.65. risking 0.25% of total account.

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Getting the selling momentum down now

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Calling all gold shorters we need you on deck. Almost winning the battle.

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I am staying short for now. Gold price cannot sustain this battle because momentum oscillators are going bearish crossing downwards from here. s&p 500 is getting weaker as well.

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Gold under selling pressure early from double top sell off. Momentum to bounce back to the double top may not happen. Downtrend occurring.

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I am still short from yesterday.

Note

To price 2713 & possibly 2682 profit.

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A big day for BTCUSD breaking out reaching its mid 70k price levels which is the jumping board to much higher prices for it.

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Sell XAUUSD at levels current down to 2745
SL: 2753.70
TP: Lower < 2715

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Sorry if its not too late just wait out on the Sell Gold. There is some very low timeframe momentum getting under price right not RSI etc.

Note

Sorry if its not too late just wait out on the Sell Gold. There is some very low timeframe momentum getting under price right RSI etc.

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Go ahead with a Short Sale.

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This low time frame rsi and stochastics upwards momentum is getting rejected, which is what i thought but I had to watch it.

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They desperately want to cool price off and sell down.
Gold sell short.

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Sell Silver at current market price

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TP1 33.10

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The Silver price will take a dive under 33.08. Fast sell down to TP of 32.15. What's that nearly 100 pips.

Trade closed: stop reached

SHORT SILVER

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TAKE ALL PROFIT 32.20. OR BEFORE if there is a sharp and sudden move up.

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There is a PD Array order block thingy starting at 32.39. This could be the best price area to book profits. Silver will buck the Short and try to bust upward again soon.

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Take some partial profits if not most at 32.60. Some bumpy resistance starts.

Trade closed: target reached

take profits

Order cancelled

I get pleasure going after Silver-price whenever it looks very weak. I find Silver to be very mean and tight. So Im proud I busted them up a bit. Some of my profit in the last trade, i shorted silver at least 6 times.
Screenshot 2024-11-01 at 1.10.17 am

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