Platinum at resistance. Possible short with tight stop.
Entered shorts at 1239, 1240, & 1241 with a tight stop. Silver, Copper and Platinum all rallied today but Gold is very subdued holding above the 10 day MA on the 1hr chart possibly looking to move up and test resistance at 1216.50 area. Hence my positions are small and this is an apprehensive trade but given the chart, risk reward ratio and, tight stop it could be very profitable.
Watch out for US unemployment tomorrow. Watch out that it's a Friday and the end of the week too :)
Good luck!
Watch out for US unemployment tomorrow. Watch out that it's a Friday and the end of the week too :)
Good luck!
Penafian
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