A short idea on gold from 1840+ to 1790
Hi Folks:
Here's an idea for your consideration. I am holding shorts already and planning to add further positions if we keep climbing. A retest of previous high is possible and I would be adding more shorts if that's the case.
Stop loss is placed approximately at 1864 but you have to adjust it to your trading strategy, margin and risk exposure based on your capital.
My idea is to keep adding shorts at every level key support broken as I do expect gold to be plummeting soon due to FED 4 rate hikes for this year.
Let's hope for the best outcome :)
STAY SAFE. Cheers.
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's an idea for your consideration. I am holding shorts already and planning to add further positions if we keep climbing. A retest of previous high is possible and I would be adding more shorts if that's the case.
Stop loss is placed approximately at 1864 but you have to adjust it to your trading strategy, margin and risk exposure based on your capital.
My idea is to keep adding shorts at every level key support broken as I do expect gold to be plummeting soon due to FED 4 rate hikes for this year.
Let's hope for the best outcome :)
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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