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Short

XAUUSD Sell Signal

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Pattern: Ascending Triangle .

Signal: Bearish as we are approaching the Higher High Sell Zone.

Target: short-term = 1750 (the Higher Low of the 4H Channel Down), long-term = 1715 (that is if 1740 breaks).


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Comments

I'm chasing the correction to enter long around 1,750 handle. Nice work brother
+2 Reply
don't underestimate the new incoming fomo train.....Gold broke high of 2012 and now mass media is reporting about it again... I really hope this will cool down soon....doesn't look healthy at all and it is a very high risk to enter...no matter which side :)
+1 Reply
MiniMikeP herooftheday77
@herooftheday77, agree! but I am still riding the train since 1280 and not leaving just yet ;-)
Reply
Nice Analysis. According to my strategy market can test 1789 Target.
Reply
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