Yuriy_Bishko
Short

GOLD, Sell after pullback to the Mirror Level!!!

TVC:GOLD   CFDs on Gold (US$ / OZ)
I will open Sell at $1482 - $1484 because:
- the price broked down huge accumulation;
- 1484.20 is a Mirror Level;
- potential profit will be in 3...10 times bigger than risk.

You will get an accurate signal with entry point Stop loss and take profit if this post will get 100 like.

Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write them in PM.
Thanks for your support!

Sep 30
Comment: GOLD wait on a pullback to $1484. It's not safe to open sell at the current price. You stop loss will be 200 pips minimum.

When price will do a pullback I will send a signal because I promised it.
Oct 01
Comment: GOLD is close to key level $1484

I will open sell if the price will do a false break out of that level

Accurate entry will send when the signal will arrive

Oct 01
Comment: Update: Sell entry
Oct 01
Comment: 1st T/P: $1468
2nd T/P: $1460
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Date: 13 Dec 2019
Time: 7 PM London Time
Alternative view is that this is a false breakdown. Employment report on Friday will tell all. Until then just guessing
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Yuriy_Bishko mattjapan71
@mattjapan71, ok! we will wait for Friday)
Reply
Yuriy, your analysis is ok, but...
I see a wxy structure, where wave W - is what you mention as accumulation.
This is a corrective pattern, and there is a high chance that profit is on the upside.
I posted an update yesterday, you may also check earlier posts re Gold.
Have to say, it is not as easy as you tend to present, always keep in mind higher timeframes.
Good luck!
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WXYXXZ WXYXXZ
@WXYXXZ, wave X, not W, apologies
Reply
@WXYXXZ, share your chart here
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WXYXXZ Yuriy_Bishko
@Yuriy_Bishko, I wish I knew how to do it))
Reply
WXYXXZ WXYXXZ
Reply
@WXYXXZ, nice idea, i liked it
Reply
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