GOLD: Short Signal Explained

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

- Classic bearish formation
- Our team expects retracement


Swing Trade
Short GOLD
Entry Point - 1785.70
Stop Loss - 1806.36
Take Profit - 1754.78
Our Risk - 1%

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+6 Reply
@UnitedSignals, thank you for sharing!
+1 Reply
no.it will go up max down possible till.1770.its on the move towards 1850 now.
+4 Reply
Tradersweekly shahid0088
@shahid0088, I also do not think there is much downside from here.
I would be selling from this support
great job!
+4 Reply
local resistance here

well done
+3 Reply
What are your thoughts on this divergence? In addition to that Basel 3 just came into effect. Do you have any thoughts on that also? Is it not more probable that correction would cease here rather than continue further?

+1 Reply
Yes, I share you bias on Gold! well done!
+1 Reply
Nice analysis, many thanks. 🔥🔥
I believe gold will sell till 1740. Looking at monthly engulf tht has to develop support below b4 going up