Update: I closed order for minor profit, as sentiment on global stocks improved but gold showed minor retracement.
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Price hit key daily resistance and showing signs of weakness, RSI fails to break higher. I am aiming for a downside correction.. I am already short from 1240.00 .... I think the risk-off sentiment we have seen recently might pullback for the coming few days before resumption..
Trade Safe, and Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Price hit key daily resistance and showing signs of weakness, RSI fails to break higher. I am aiming for a downside correction.. I am already short from 1240.00 .... I think the risk-off sentiment we have seen recently might pullback for the coming few days before resumption..
Trade Safe, and Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
