XAU - Gold (another short setup?)

Apr 28, 2020

The Gold price is back testing the fib levels - as well as a daily pivot level in line with the .618.

Let's see if the dip comes. See the previous idea linked.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

May 1, 2020

Note

May 1, 2020

Note

Went short on the break of the .50 Fib level - trailing stop now just above previous supply zone. Locked in some profit. Free trade

May 6, 2020

Trade closed: stop reached

Trailing stop hit this out. Not as profitable as planned, but move on go again.