The case for a Short in $Gold Futures. (Daily Timeframe) $GC1!

١٢ يونيو ٢٠٢٢

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

١٥ يونيو ٢٠٢٢

تم فتح الصفقة

SL to B.E.
First target (1849) was quickly reached.
2nd Target was barely touched missed by few bucks

٦ يوليو ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

Gold is getting pounded.
Congratulations Great trade!