Gold is still trending down. We reached the one year old falling trendline that should provide resistance. The trendline was broken already in October which makes it less reliable however. But as the the last downmove is retraced now there cud be a new attempt down start from here anyway.
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I am taking a first profit leaving the rest of the position short in the market.
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I took some more profit when the price fell to 1098 leaving stillsome position short in the market. I couldn't post this earlier caused by some problems to open my ideas at tradingview.
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I am taking aother fine profit now still leaving a part of the position in the market.
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The remaining position hs been stopped out at break even. Thus a fine profit remains .