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MountOlympusFx

GOLD to bottom of MINOR range (SELL): Weekly, Daily, 1hr

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MountOlympusFx Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Harmonic Patterns Chart Patterns Gold XAUUSD XAU trading Forex
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trendanalysis harmonicpatterns chartpattern gold xauusd xau trading forex
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GOLD Thesis

- Weekly: For the past 3 weeks there have been long wick rejections off $1479 support zone to the upside signalling bulls are trying to push gold higher. Market structure still bearish.

- Daily: After reaching $1483 support price rejected and formed a hammer candle causing buyers to push gold slightly higher. However price is stuck in a 90pip range from $1483-$1494.

- 1hr: Now just waiting for one more test from the 1hr launch pad then we could possibly see a sell off down to $1483 (bottom of the range)
Trade active
Trade closed: stop reached
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