Gold 4h Sell the pull back

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold 4h Sell the pull back
1. Break Channel
2. already did the 2nd test buy buyer fail
3. Find pull back to 1285-1286 area to short
aim 1276 and 1253
Trade active:
Would you mind updating this one? It certainly spiked well above the channel BUT seems like it's hit additional resistance areas. Stay short or close?
What is the forecast for the account that goes extremely crooked?
+2 Reply
What did I said, engulfing signals are very powerfull
+4 Reply
TomPower CrazyBear47
@CrazyBear47, He messed this one up, when I was short should have been long!

no matter what , gold will retest ; even break the top once again. then expecting a deep fall following that.
i was waiting a corrective move from 1260 to 121x's but it didn't happen. interesting price structure forming.
maybe it will drop to 121x's from here then go up to 1370+
or directly retest to 1370+ from here , then starts to fall from there again.
let's see how it develops.
Yes I was thinking same thing,,But,,Yet with the Global Political Circus Show going on.
and Im afraid To Trade...with the US dollar dropping seems to make Gold go Up!
1280 has now become a stronger area of support, yes?
I see this as a short term idea for a buying opportunity later next month for Gold. I'm very bullish with gold long term this year as a hedge against the stock market. This artificial economy is going to crash soon.
+2 Reply
prikitiu christiandeleon415
I agree, I have XAUUSD, this is suitable for investment, fundamentaly and USD is exhausted, trade war impact, and The Fed will limited to hike, nice to long opportunity..
+1 Reply
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