Yuriy_Kuznetsov

Gold: short. When all wait for growth...

Short
Yuriy_Kuznetsov Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi everyone! Yes, so happens. All stand in one party and the market puts growth away for later. And in what we to a wave wouldn't be 1-2-3-4-5 or ABC or another. After correction from the first wave there will be the third wave down. I designated the next purposes on graphics. Resistance level in 1932-1935 is very strong.

So: Sale from the current levels
TP1 - 1772 (we will take slightly above)
TP2 (in case of pass it is lower than 1765) - 1620 (we will take above)
Stop loss - 1935.


This idea has information character.
Trade active:
Current situation. As we see the price is in a triangle. Therefore pass below the triangle basis will be important confirmation of my idea. And, as you know, by rules of a triangle the movement shall be equal to the widest part of a triangle. The purposes in principle do not change, just I give additional explanations. In case of pass of a triangle up, there will be an idea cancellation.
Trade active:
The schedule can be posmoret in new the published idea.
Trade closed manually:
Closed manually on 1917.25
Comment:
Information provided is only educational and should not be used to take action in the market.
Trade closed: stop reached
Comment:
I was not right concerning gold.
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