a1Keith

Short gold 1333

Short
a1Keith Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Short now at upper parallel. Take profit about 1316 along sliding parallel News 830am NY time
Stop 1336
Comment:
Very rapid fall. If it pierces the median line then I will move stop up and keep trade open
Comment:
No bounce yet at median line, so it appears that it wants to go lower. Next target is the green line around 1310 and after that 1295



You can clearly see the action at the 0, 25 and now 50 % lines
Trade closed: target reached:
1333-1316=17
17/1333 = 1.2% in under 3 hours (non leveraged)
I may reenter if it reaches the upper parallel again
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