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Trading the Trend 12/10/22: short gold


MongiIG

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This week’s Trading the Trend is to go short gold on a bounce to $1,689 per troy ounce with a stop-loss at $1,736 and a target at $1,610 which gives a 1:1.68 risk/reward ratio.

This follows last week’s long DAX 40 trade on the hourly chart which could have led to a 259 point profit but was stopped out at break even because the upside target hadn’t been reached.

 

 

 

 

 

 

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