Gold cheated and overlooked an important level on its way up. It has a date with 1152. Drop it like it's hot!
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Idea gets invalidated with P>1220.
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Level gets different with P>1220 so the idea gets invalidated for final target.
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Entered short at 1222 though. SL 1225. Recalculating target
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Entered last short at 1224.9, SL = 1226.1
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Took profit on shorts @ 1215.5. Waiting for close price to determine direction for tomorrow. Topping patterns have potential for taking some time. Would like to see close at or below 1214.5. Looking for re-entry tomorrow. Remember to set SL @ BE in case this decides to go up. Its at an important crosscroad. So far there has been printed a nice inverted hammer reversal candlestick.
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TheZabisyu
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Careful, If Banks see this this will not work out!
BGLion
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@TPparadigma, shhh dont say it loud! They will hear that :D
TheZabisyu
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@trading4fun, oh damn! Well I think @TheBanker and his Road to Monacco " squad " can help us to get it down even if banks interupt!
BGLion
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@TPparadigma, I dont know these guys, but I am pretty sure we will hit 1150. Right now I am heavy short with targets 1174, 1148 and may be 1133. Let see how it goes!
TheBanker
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@TPparadigma, you are new to investing, I can tell
TheZabisyu
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@TheBanker, Well we all cannot be so pro like you are. Some day I become a Forex God like you. :)
EsmailBoumrah
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Great charts and think you,i think this is will reach 1191 at least:
ARGOS1
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What happened to the 1204 shorts you put on? I see the 1220 invalidated what you executed and you are going with shorts at 1222 and 1224. Seems to me you will keep trying until you get it right. Well, don't let me stop you. Who knows. You may become The Short King! However, I will stick with my targets. Have a nice day.
UnknownUnicorn540299
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@ARGOS1, Sorry Argos, I closed the 1204 yesterday pre FOMC. I dont like to hold through FOMC. SHorted today at 1222, 1224.4 and 1224.8. The target is invalidated as it changes with the reached level high. I will change to long if 1227 is broken.
ARGOS1
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@viking83, I am thinking of taking a breather around 1300 but I have to start seriously thinking about it at 1250. Maybe DCL after 1300. Again I have to start thinking about it once 1250 comes. Must go now.