MarjaniFX

GOLD perfect short entry and weekly expectation

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD perfect short entry and weekly expectation

--> Open position at 1702 support/resistance level what correspondate to the trend break-out (100% Fibo extension) and intersection of the globale weekly triangle pattern upside and gravity trend.
- First target 1681
- Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!)
- Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!)
- !! Stop loss for other targets: 1709*
Comment:
Comment:
Comment: After the triangle pattern breakout from the upside with two high volatile candles from the Uptrend this Idea becomes useless. Instead, you take a buy for the next resistance level.

Please always take into account that you must wait for reversal signal or confirmation (candles config, dodgy signs etc...) before enterring any trade.
This idea contains only 95% of the prediction. Take the 5% risk into account.
Order cancelled: UPDATE: We were waiting a short breakout for GOLD to gain some liquidity, but it doesn't, After the long breakout like we said, GOLD had proven so much liquidity to go up for the highest levels (1746 and 1800), this is the update:

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