Gold Bearish scenario

2020年12月2日

Gold had an impressive rally since the March crash. Broke ATH , then regressed back into the range and below 2011 high.

My take is the following:

- until we reclaim 2011 high on the monthly, then the short idea is valid.
- confirmation upon a monthly close (December) below 1825.

Expecting us to revisit the breakpoint area (origin of the pump) around the 1580$ zone where I believe it'll find support while keeping the trend intact (Higher Low)

2021年3月8日

交易進行

This is going perfectly. Almost at target!

2021年3月8日

註釋

LTF aside, and due to time constraints, I enjoy playing commodoties from a HTF perspective.

Scalps is one thing, a big swing position is another. Always keep the HTF in mind especially with "heavy" markets