VasilyTrader

GOLD (XAUUSD) Key HISTORICAL Level AHEAD! Important Update!

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)

hey guys,

what a bullish rally on gold .
3 strong bullish daily candles in a row...

HOWEVER, analyzing the historical perspective we may notice that price is entering a historical resistance cluster:
1780 - 1802 is a supply zone based on 2011 - 2012 price action.

on a daily the price formed a harmonic movement with D point lying perfectly within the underlined structure.
based on that I want to warn you that it is too late to buy and now the best option for us it to wait for a intraday short trade.
(or if you are bullish biased, not trade at all until a good long entry on discount )

pay attention to the price action on 1H and look for a reversal formation.
I will try to catch some quick short trade but for now PATIENCE!

good luck!
Trade closed: target reached: Watch new VIDEO on OIL!!!