GOLD Bearish Swing

Trade background:
GOLD is back up at key resistance level after testing the mid trend line of the bearish channel . Nevertheless, GOLD remains bearish , at least as long as the stock market & the bond yields continues to rise. Assuming that this will be the case in the coming weeks a bearish swing seems very likely. Combined with the fact that volatility , a big move is coming soon.


Trade Details:
Positioning: Short
Time frame: Daily
Length of Trade: 2 days to 1 week

Entry: Between 1510.00 to 1500.00
Stop: 1505.00
Exit: 1460.00 & 1450.00

Market Positioning

XM Broker: High Speculative Appetite

IG Broker: Low Speculative Appetite

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