Jimi95
Short

XAUUSD TOP DOWN

FX:XAUUSD   Gold/U.S. Dollar
340 0 5
1. Monthly Timeframe:
i) 2000 pip ranges
ii) Monthly 1,300 round number rejection as well as kumo cloud res/rejection
2. Weekly Timeframe:
i) Week of 19th & 26th Jan 2015 Cloud & 61.8 fib rejection & lower high
ii) Strong Bearish Continuation price action
iii             ) Price making Lower Highs and Lower Lows
iv) Price failed to make new LL, current retracement into structure resistance confluent with smaller 61.8% level & inner TL touch

Targets:
• 1060s
i) -27.2 extension
ii) New Lower Low

• 965/55s
i) Heavily confluent area:
ii) -61.8 extension level
iii             ) Avg range support
iv) Monthly 200 EMA touch

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out