EURUSDKiller

Gold is ready for falling from 1980 or either 2000 to 1880 !

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Despite the traders expectancy, gold rise from 1800 to nearly 1980 very fast and very sharp; a 180 $ growth/OZ without a retracement. So traders that was waiting for a reversal or retrace in this precious thing, lost some big money and also Patience!! After price touch the 1880, gold had a very small retrace to 1940 in order (for Banks) to add the sellers to their hunt!! That wasn't enough; price had a false breakout from 1980, one to 1984 and another to 1985 in order to add buyers also to their hunt! (Happy Hunting). The yellow metal is now trading inside a 4H timeframe Triangle. We have to wait if banks want to push the price to 2000 and then fell to 1880 or push it down directly to 1880. In any scenario we are waiting for a sell setup. Please do not jump to either buy or sell in this position. Just wait if price break the Triangle to downside and put your short or sell it after another push to 2000. In any case please be patient and trade based on your strategy and money management not others.
Thanks
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