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2ndSkiesForex
Aug 13, 2013 3:48 PM

Short Term Bearish Reversal Setup Short

Gold/U.S. DollarFXCM

Description

Gold has only 1x this year gained for 5 days in a row. Yesterday was the fourth. 4hr and 1hr charts show failed breakout attempt which resulted in LH (lower high). Pressure and likely profit taking is on, so expect at least a minor pullback.
Comments
xtrade
once it failed, it usually fails a long way
xtrade
Wow
Ryan_Tyler
Pull back completed and let's see how we go from here. Very good Analysis
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