MAs has crossed on a Daily chart. Bad sign. :(

I have been believing of Gold rise for many-many months. I have published Triangle which was seems to be broken upside... However... Price didn't want to rise many times. You can see that trader has always to be prepared for move in opposite side. No one is able to predict how market will move. So.. this setup... is based on a fact that MAs has crossed showing us a risk of huge fall & also it looks reasonable to visit a middle of this channel before a rise. It could be totally wrong.. .and price could RISE from current... But I would prefer to short it. Let's wait and see what market does. Don't follow this setup without your own analysis - it is very very risky and dangerous.

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Good dynamics!

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44SMA is close to cross also 200SMA. Good signs for those who bearish oriented.

Commentaire:

However... you can see how long price stays on a current range... so could exit any size with huge impulse... Quality Risk Management is ABSOLUTELY mandatory here.

Commentaire:

*could exit any side (typo)

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44SMA has just crossed on Daily 200SMA downside... Excellent sign! Good luck! Let's hope for a best!

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Good dynamics!

Trade fermée manuellement

Ordre annulé:

The dangerous asset. A rigorous risk management is mandatory.