...9.50pm.. watching paint dry is the summary of tdoay's trading experience - espy for gold and silver. It does not move at all.. the range is exceptionally tight...like it's waiting for something real big to happen.
Price is current at strong resistant level on the 4Hr chart,..weekly chart shows bearish trend.. daily is showing technical rebound - only think is , how long is the rebound and how swift.
I am most tempted to short it, but given today's snail pace, it's very difficult to profit. Will wait at the side line and watch what happen... hard to trade, so better leave it alone
current cash position.. 299/-.. you guessed it,..i open/close some minor trade that is too cumbersome to record.. overall,.. no trading position feasible now... let's not do anything or i may regret the action.
10.05pm.. minutes after writing the above comments, decided to go with shorting 2 lots of gold. SL about $50/- Shorted at 1696.185 , SL at 1714.12...since I will probably stare at it till bed time, will not update any TP... go with the flow...
10.30pm... realised it's Thanksgiving day in US.. no wonder nobody trades ! Closed my Gold position and will start anew tmr.. no point leaving it there and wondering what will become of it. Position closed with small profit of $2/-
Cash balance 301/ net 301. Nothing outstanding
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