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
Transaction en cours
SL to B.E.First target (1849) was quickly reached.
2nd Target was barely touched missed by few bucks
Trade fermée: cible de profit atteinte
Gold is getting pounded.Congratulations Great trade!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.