Gold Short: Bearish Engulfing on hourly; False Breakout

I believe that it is now the right time to short Gold (and Silver). The reason is a continuation of a larger trend that has seen a corrective waveform (as I have mentioned in my earlier analyses). I believe that it is now the right time to get back into the short side with a small risk.

Note that my ideas have a central theme here: LONG USD. What this means is that you can long USDJPY, Short EURUSD, GBPUSD, AUDUSD, CL and it will be a same. I will be publishing all of these ideas soon.

Trade geschlossen: Stop wurde erreicht:

Stopped out. An opportunity to reverse and long.

Kommentar:

I was stopped out of short and also the long during the choppy movements. But eventually, I was short again.