Will Gold become less precious?

٣ أغسطس ٢٠٢٣

Examining the charts (technical analysis serves as a good risk management tool), my personal opinion is that Gold will drop bellow $1900 per oz. Actually, I am going short right here, with a stop loss @ $1964 and an exit profit @ $1880. I wouldn't say that this is a "long term" trade, because I estimate that such a move can happen in a short time period, given the rising volatility in the markets.

١٥ أغسطس ٢٠٢٣

تم فتح الصفقة

I am moving my stop to break even plus 50 pips. The sell price was 1935.585 so the new stop loss will be @ 1936.585

١٥ أغسطس ٢٠٢٣

ملاحظة

Even if I am around 300 pips in the money, I was wrong about the duration of the trade cause I am already short for 11 calendar days, now.

١٨ أغسطس ٢٠٢٣

تم فتح الصفقة

400 pips in the money, yesterday night was almost 500 pips. I moved my stop "profit" to 1904. Is it fear that makes me do that? no, its the inflation in the Japan and the possibility of a stronger JPY.

٢٤ أغسطس ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

my exit profit stop has been hit yesterday. Not a bad trade...