My trend system is still in "buy" mode for gold so any short trade would have to very short term for me...probably short for a few hours to a day on the break and then either bail on waning momentum or use a trailing stop. Good luck out there.
TLT
Monday, February 9, 2009
Head and Shoulders Formed in Gold
Gold is forming a classic head and shoulders pattern on the daily chart which might present a trading opportunity. Check it out.
My trend system is still in "buy" mode for gold so any short trade would have to very short term for me...probably short for a few hours to a day on the break and then either bail on waning momentum or use a trailing stop.
Good luck out there.
TLT
My trend system is still in "buy" mode for gold so any short trade would have to very short term for me...probably short for a few hours to a day on the break and then either bail on waning momentum or use a trailing stop. Good luck out there.
TLT
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