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VIP_Trading_Technologies

GOLD XAU USD :: inside the critical area

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
VIP_Trading_Technologies Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns
2
1
trendanalysis chartpattern
Observe the hands drawn pointing up or down. Looks like we are trading inside a critical area with several rejections in both sides.

We are on the verge of a reversal IMHO in spite of bad NFP data that send GOLD up and USD down.

I will add some more shorts at 1850-55 area, hedge anything above 1880.

Risk management is essential, all the best fellow traders.
Comment:
If we can close below 1820 we could continue falling to 1797 level followed by 1765. On the other hand we may have a new test of reaching 1850-55 area.
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