Shorting Gold

[Zhong Lu + 845]

I'm staring at this one giant red rejection hammer on the daily.  May as well.

Edited January 8, 2020 by Zhong Lu

[0R0 + 6,251]

Don't think that is working out as a short. Looks like a triangle continuation pattern.

[James Regan + 1,776]

Safe haven run for the hills, IME gold will peak again +/- 1800 even Silver has started a mini rally, I own quite a fair whack in silver and expect it to regain its drastic loss , not sure about $30+ but as far as commodities go by Gold short and high risk, Silver long, just my opinion based on years of trading both commodities.

[James Regan + 1,776]

On 2/10/2020 at 1:39 AM, 0R0 said:

Don't think that is working out as a short. Looks like a triangle continuation pattern.

Wrong way completely wrong will either maintain or climb, look at the numbers it’s totally high risk short. Gold is not for pussies.

[Zhong Lu + 845]

I covered a loooooong time ago.  LOL.  Made money on it, too (JNUG short at 74, covered at 72, 73 over the next 2-3 days).  Even switched and bought it back at 74, and sold at 75 a week or two ago. Should have held I guess. Oh well.

Edited February 24, 2020 by Zhong Lu

[Zhong Lu + 845]

My problem is I buy too early.  Need to wait for dip BEFORE buying. So for my losses over the last two weeks it's DB and UCO due to impatience.  Otherwise doing fine.  Made money day trading INO and UGAZ (though I'm losing a little tonight on a small position in U as natty drops again).  

Edited February 24, 2020 by Zhong Lu