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MountOlympusFx

GOLD SELL: Weekly, Daily & 1hr analysis

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 Forex
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trendanalysis harmonicpatterns chartpattern gold xauusd forex
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Gold Thesis

Weekly: Gold has over extended to the upside and has stopped at $1532 rejecting off it and last weeks candle closed as a spinning top signalling a slow down in bullish momentum.

Daily: After bouncing off $1532 price is now selling off and has now closed below $1506 changing gold structure to bearish. Next likely target $1469.

1hr: After break below $1506 now waiting for pullback into level/ 50% fib before looking for a sell off to $1469.
Trade active
Trade closed manually:
Pulled out if Gold. About 80-90pips in
Comment:
move stop loss passed break even
Comment:
Stop loss hit at break even
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