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ProTradingFX
Jul 17, 2019 2:40 PM

Gold Medium-Term Idea Long

Gold FuturesCOMEX

Description

If the triangle breaks below 1400, expect a decline to 1350-1320.
1350-1320 is a zone of high demand, where you need to look for buy orders (market or limit).
Risk below the demand zone.
Next positional area at the bend of the previous trend (1300-1270).

Short orders only on the false breakdown of a triangle.

Everyone wants to sell, and I want to buy.

Comment

If the price stops below 1429, I’ll open a short against the trend.
Need consolidation below the level for 6-8 hours to open short.
All long scenarios are relevant.
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