#XAU Everyone was posting and calling for a move higher, but the author had their funds tied up shorting SNDK at the time. After the post, price pulled back to around 4112, which was a great entry, but I was focused on my SNDK short and missed it 😅. Gold, meanwhile, really did break out and climb to 4212, haha. I’ve been crying this whole time 😭
I just closed half of my SNDK short, and the rest was stopped out at breakeven, so my funds have been freed up. If we get another chance to pull back to around 4150 and hold there, I’ll definitely go in heavily on the long side. For a take-profit target, I’ll watch how price behaves around the 4250 breakout. If it reaches 4250 before pulling back to 4150, this trade setup is invalidated.
Gold has now broken above its long-standing downtrend line and formed a range above it, consolidating there. That’s an encouraging signal for the bulls.
I just closed half of my SNDK short, and the rest was stopped out at breakeven, so my funds have been freed up. If we get another chance to pull back to around 4150 and hold there, I’ll definitely go in heavily on the long side. For a take-profit target, I’ll watch how price behaves around the 4250 breakout. If it reaches 4250 before pulling back to 4150, this trade setup is invalidated.
Gold has now broken above its long-standing downtrend line and formed a range above it, consolidating there. That’s an encouraging signal for the bulls.