Gold [1-3 days view]

Actualizado
Short Gold
Entry: 1291.50
SL: 1303.40
TP: 1247.75


Global markets are currently in a risk off environment given the recent trade-war escalation tweets by Trump. This also is in line with safe-haven currency such as JPY outperforming this week.

Technically, market reacted below long term descending trednline resistance.
Price is also currently testing what I would call the natural MA of the market.
MACD shows a bearish crossover, however, do note that it is still within bullish territory.

Update: Trade was triggered overnight, and market has moved quite a bit as expected. I've trailed my stop loss to protect the trade and some profits. This trade is now risk free.
Operación cerrada manualmente
Trailing stop taken out. Position closed.
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Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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