Shorting Gold after the Big Fall

If you’ve been reading any financial papers, you would have noticed that the big news was Gold and it’s biggest ever fall when it went from 1540 to 1340.. 2000 points in just two days! The move certainly got a lot of people startled but it’s since recovered half already.

Anyway, I felt that Gold was due a move down again after the big fall and a retracement and was looking for a short entry. I took the first sign of some weakness as a point to enter and this was 1420 as you can see from the chart.

Unfortunately it didn’t work out and we got stopped and out Gold continues to move higher!

Shorting Gold

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Category: Trading