RISKING A SHORT WHILE XAU/USD IS IN AN EVER BULLISH UPTREND. THIS TRADE IS QUITE RISKY AS WE ARE GOING AGAINST THE TREND, BUT IT COULD BE WORTH A PUNT AS THE MACD & RSI ARE IN OVERBOUGHT TERRITORY AND GOLD SEEMS TO BE COOLING OFF AFTER THE HOLIDAYS.
THE ANGLE THEN IS TO THEN BUY BACK INTO THE MARKET AFTER THE PRICE FALLS (TO SUPPORT AND/OR TO THE EMA50).
AS ALWAYS I WELCOME YOUR COMMENTS. I'M A RELATIVE NEWBIE TO PUBLISHING IDEAS HERE ON TRADING VIEW SO ANY COMMENTS WILL BE MOST WELCOME. GOOD LUCK AND HAPPY TRADING GUYS!
THE ANGLE THEN IS TO THEN BUY BACK INTO THE MARKET AFTER THE PRICE FALLS (TO SUPPORT AND/OR TO THE EMA50).
AS ALWAYS I WELCOME YOUR COMMENTS. I'M A RELATIVE NEWBIE TO PUBLISHING IDEAS HERE ON TRADING VIEW SO ANY COMMENTS WILL BE MOST WELCOME. GOOD LUCK AND HAPPY TRADING GUYS!