Gold short based off correction

2019年9月25日

As per parallel channel: there is a corrective pattern that's formed worthy of shorting. Also, prices at or above 1529 was bound to attract interim TP from bulls.

However longs are still controlling the monthly chart and monthly candle hasn't closed. So prices could ping pong until first week of October until bears can comfortably gain footing.

2019年9月26日

ノート

2019年9月27日

ノート

WXY

2019年9月30日

ノート

The WXY above didn't work, I suspect because the expanded flat breakdown has more conviction in its path. Anyway the coloured lines are false support i.e. price will hover there on its way down. It will act as resistance however. The black/grey lines are real support which now points to a large range of 1420s-1440s

2019年9月30日

ノート

Price tagged 1465 which is very close to 1461 bearish measured move. The bearish target 1450 and sub-1440 may be getting crowded so short covering won’t be surprising. Bear cycle is relatively young too. I’ll be adding more shorts at the red box region 1490-1505 if price gets there.

2019年10月1日

トレード終了: 利益確定目標に到達

Took out 75% profits from shorts and went long at 1460-65. My target for long and re-short as per chart above. I’ll post a new idea on this

2019年10月3日

ノート

record-keeping;