GOLD short taken at 1813.250. Bearish structure on H4 and bearish on Daily.

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GOLD short closed at 1814.5. It seems like it does not want to break this level yet. 1:1.8 RR trade.

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PAT if I see 1814.5 level reject on lower time frames alot I will close the trade. If it breaks and uses this level as resistance I will hold the sell.

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There it is. Gold came directly to M formation neckline. I have now entered a short but using low %.

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NY manufacturing results were extremely bad wow

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Break of 1814.5 level to clean traffic bearish. Unfortunately closed my short but as always some money will be left on the table. Lets see.

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Long long term is Gold should be trading under 1400. Price its trading at now is just not natural due to the pandemic and inflation. Eventually should get there. Mid term gold to 1754

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Gold short closed at 1813.351 1:4.2 RR trade. As I mentioned on previous post I would sell again once it hits the M formation neckline.

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How so?

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Order closed at 1:2.8 RR GJ. Might re-enter at M formation Neckline to sell.

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SL hit. Now bias is sell. entry at 156.500. Notice M15 M formation GJ

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Took buy on GJ will share charts later

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Took this gold short like mentioned still floating. Had a limit order got triggered while sleeping. Now will see to add position 2 again on new M formation Neckline.

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How so? I see sells only.

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Took no trades today. Low volume. Taking no trades is a trade as well.

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Hey your analysis is right. But according to multiple time fram analysis from Monthly, weekly,daily, H4 and H1. I have a bearish bias. Monthly notice the range gold has been floating in between 1830 and 1754. Weekly notice 1830 getting rejected and ...

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I have updated the neckline to be a little higher. Now will observe for rejections. I have identified on weekly bearish head and shoulders pattern thats why I am looking for sells.

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Buyers still in control M15 M formation break did not break. So no shorts yet.

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H1 chart and M15 M15 notice same pattern. Perhaps taking an break and entry of the M formation neckline to have a higher probability short.

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Potential gold short. Higher risk taking this trade due to US bank holiday therefore low volatility and high spreads.

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