Gold short from the trendline 1930-1933

Sep 16, 2023

Gold has been forming a bearish trendline in the weekly tf and i expect next week to find resistence around 1930-1933 area and then fall to the 50% fib 1847.
Will place sell orders in the 1930-33 with a stop loss 1940.
Good Luck!

Sep 18, 2023

Trade active

80 pips so far from the trade. I expect another atack of the 1930-33 area, aiming to sell again.

Sep 19, 2023

Note

As expected price atacked the area once again and managed to grow higher, so i added sells from 1933 to 1936. I expect a drop tomorrow.

Sep 20, 2023

Note

Moving well, all entries now with sl at entry, expecting at least 300 pips from this trade.

Sep 20, 2023

Trade closed: stop reached

I was stoped out at BE. Idea not valid anylonger