Gold - I'll Keep it Simple for You in the Short Term

There is only ONE number that matters in gold: 1928. Look at how many times it held it! Recently it broke it and has closed below it several times. My simple trade: a daily close below the local while trendline as long as it closes below 1927, the 3:1 trade is on. I'll keep tight stops because of how volitile the market is and will likely remain for a few weeks. I really like the 1750 to get long for a long term hold after confirmation.

Please feel free to check out my other ideas, I really want to help people understand the market the way that I do.

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Comment:

GORGEOUS. TP 1 hit.