Short On Gold After Failure to break res.
It looks like Gold is ready to continue its downside trend after a few months to the bullish side. I still believe that Gold still has to fall even more before we can see a bottom. The rejection of my resistance level continued the LH pattern I have been seeing. A break of the 1303 level would cancel this trend.
Target - 1086 Area
S.L - 1323 Area
Note. - I am new to trading and Im publishing my ideas soley for my own log book and to see where I went right or wrong on trades that I take. I publish to only better myself and I would advise everyone to trade their own plan as my trade ideas are strictly for me. I publish openly because If I want to show to myself I have the ability to stick to my plan and not change because of public image. Thank you.
Target - 1086 Area
S.L - 1323 Area
Note. - I am new to trading and Im publishing my ideas soley for my own log book and to see where I went right or wrong on trades that I take. I publish to only better myself and I would advise everyone to trade their own plan as my trade ideas are strictly for me. I publish openly because If I want to show to myself I have the ability to stick to my plan and not change because of public image. Thank you.
Trade active:
I moved the short position tool a month ahead so it will not move into the tool area. However this trade is active.
Entry @ 1282.40
With SL and TP the same.
Entry @ 1282.40
With SL and TP the same.