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Loii
Apr 15, 2016 4:38 AM

TWO SCENARIOS FOR GOLD. BULLS & BEARS Long

Gold/U.S. DollarFXCM

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TWO SCENARIOS FOR LONG. BULLS & BEARS

I still have 0.5 lot long with tight SL. lets see how today plays out.
my bias is bull becos DXY is at a resistance and H4 RSI at this writing just broke back below 70. however anything can happen in these markets. that is why having good Risk Reward is the key.

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FYI I'm from from $1230. 2 lots. tp 1270 or nearby

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*I'm Long from $1230

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inverse H&S pattern formed on h4 :P

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Comments
smitheric1970
well played sir, good lines
Loii
hey thanks, i long 2 lots.
TomPower
Yes I see a smaller time frame inverted Head and Shoulders however I also see a larger time frame bigger Head and Shoulders top reaching just under 1,200 active
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