thesilverbullet

Major confluence of resistances.

Short
thesilverbullet Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I do not think we have bottomed. I will look for $14 silver first and foremost.
Comment:
Initial short has worked out. Suggestion is to cut short exposure by 50% add a stop and look wait for next trade opportunity.
Comment:
Comment:
Need to rebound soon or we going back to 1200

Comment:
Exit positions. We had a nice double bottom in gold on the 4hr and equities are starting to feel the downward pressure. I believe equities are going to have another move down before the end of the week. I will also be looking to buy around 1285 if we start to break out
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