Gold/Gold miner likely to top soon
Setup a trade to short the gold miner (DUST if you use etf, or short option)
Entry price today, stop loss 5-7% for DUST.
Don't get me wrong this is just a pullback which afterwards I am still Long gold/silver/miners
Setup a trade to short the gold miner (DUST if you use etf, or short option)
Entry price today, stop loss 5-7% for DUST.
Don't get me wrong this is just a pullback which afterwards I am still Long gold/silver/miners
Note
Keep adding more positionentry price ~14.6
Target profit ~20% in 2-4 weeks.
stop loss 5-7% depends on you.
Trade closed: target reached
take 7% profit for now. Could be going higherTrade closed: target reached
15% profit with the rest of the position. now it's time to long gold miner/gold with little to lose
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.