tntsunrise
Short

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?
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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!
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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.
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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!
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1280 has now become a stronger area of support, yes?
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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
@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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