Hey TTs,
We are now into the final week of the year! Now let me review the trade I have done last week.
If you have read my previous post, I have discussed that how Gold is seasonally attractive to go long
![](https://static.wixstatic.com/media/801550_dcea05d7a3e84a2a81f1963d1b71227f~mv2.jpg/v1/fill/w_980,h_596,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/801550_dcea05d7a3e84a2a81f1963d1b71227f~mv2.jpg)
Broke out of trendline and tested trendline as resistance
Resistance turned support
Price is now ranging at the resistance level and I have closed the position. Will look for long position at 1488 region or signs that the resistance level is broken
![](https://static.wixstatic.com/media/801550_f3fdf11de7bb4375a8df91fa92f88f11~mv2.jpg/v1/fill/w_980,h_574,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/801550_f3fdf11de7bb4375a8df91fa92f88f11~mv2.jpg)
Next up, this beautiful chart of palladium. Price retraced to 50% level and is a support level that was previously a resistance. Previous retracement also happens at 50% level. This is get in the dip!
![](https://static.wixstatic.com/media/801550_77465aac20eb4d3cbae5c57643a5a056~mv2.jpg/v1/fill/w_980,h_563,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/801550_77465aac20eb4d3cbae5c57643a5a056~mv2.jpg)
Trade set up
This chart seem to be forming a head and shoulders pattern (bearish) Will look to go short if the 142 region could not hold.
![](https://static.wixstatic.com/media/801550_17b6e5d050e84bbb9b345a2d70fc155b~mv2.jpg/v1/fill/w_980,h_602,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/801550_17b6e5d050e84bbb9b345a2d70fc155b~mv2.jpg)
Happy trading guys and Happy new year!
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