The case for a Short in $Gold Futures. (Daily Timeframe) $GC1!
On the Daily Timeframe the trend is going low.
It has arrived at the 55EMA (orange line) that usually works as resistance in downward trends.
The Open Interest made a big jump friday after CPI headline number BUT the signal is rate hawkish. (The long trade is getting crowded...)
RU is actually net selling not buying spot.
By VPVR analysis:
Risk is above 1904 (invalidation)
Target 1 is 1849
Target 2 1805
Target 3 1788
It has arrived at the 55EMA (orange line) that usually works as resistance in downward trends.
The Open Interest made a big jump friday after CPI headline number BUT the signal is rate hawkish. (The long trade is getting crowded...)
RU is actually net selling not buying spot.
By VPVR analysis:
Risk is above 1904 (invalidation)
Target 1 is 1849
Target 2 1805
Target 3 1788
交易進行
SL to B.E.First target (1849) was quickly reached.
2nd Target was barely touched missed by few bucks
交易結束：目標達成
Gold is getting pounded.Congratulations Great trade!
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