Opportunity to short gold

[mgabriel01]

Im still too new to actually do this trade (I think)
but here goes:

Watching the bollinger bands to cross back 'outside' the keltner channels on a 20 day 30 minute chart

the opportunity for a short trade will present itself if the momentum oscillator is <0 at that point


probably wont trade on it - but am sure watching with interest to see if this plays out

 

[infolode]

Quote from mgabriel01:

Im still too new to actually do this trade (I think)
but here goes:

Watching the bollinger bands to cross back 'outside' the keltner channels on a 20 day 30 minute chart

the opportunity for a short trade will present itself if the momentum oscillator is <0 at that point


probably wont trade on it - but am sure watching with interest to see if this plays out

It's a good short, yes.

 

[mgabriel01]

Quote from infolode:

It's a good short, yes.

So just out of curiosity - is it a good short based on the premise of the chart pattern?

Or just a good short at this point in time , based on life the universe and everything?

 

[FanOfFridays]

He's kidding. You'd be insane to short gold here. Remember what you said about the Wall Street guys, the bank stocks, and falling knives?

 

[WAEL012000]

Quote from mgabriel01:

Im still too new to actually do this trade (I think)
but here goes:

Watching the bollinger bands to cross back 'outside' the keltner channels on a 20 day 30 minute chart

the opportunity for a short trade will present itself if the momentum oscillator is <0 at that point


probably wont trade on it - but am sure watching with interest to see if this plays out

Thank god for people with lagging indicators. Line up herds...line up!!!

 

[trader123abc]

Go will be going up up up up!

 

[efutures]

Not if it breaks the head and shoulders neckline in a daily chart. It's testing the neckline. If it doesn't break, I would expect much higher prices in gold.