Gold break downtrend channel and pull back to 618

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold break downtrend channel
and pull back to 618
1876 shows good support
Long gold and aim 1921 / 1970


I don't think that will work out for u, we just got in a new downtrend within a larger downtrend.
DXY is Bullish than ever and anti Fiats seem to get bearish at least for now.
There have never been any buyers at these levels, at least for now.
the only reason we might have reversed here is cuz of standing on the previous high. Which to my knowledge almost never hold.
Id look for 1820ish and lower.
+14 Reply
@Cidoguy, I have the SELLS for the target of at least 1855zzz...

I have learnt something from @tntsunrise but I have this trade in SELL, so let's see, what happens... right now the price of gold is 1886
+1 Reply
WaqqasQureshi WaqqasQureshi
@tntsunrise I have learned from you... but this was my outlook on gold...

@Cidoguy, I agree. this or next week by maximum will go deeper till 1700
yunzhou Cidoguy
@Cidoguy, so most of sell is wrong, coz markets always let few guys win permanent principle
Cidoguy yunzhou
@yunzhou, i guees i was wrong on this one... Nice one @tntsunrise
I don't agree on this.
+4 Reply
Lol all them saying this is wrong be quiet and sort your own plan out, I’m happy to trade this pullback and make money, thanks tnt
+4 Reply
Hi Jack,

Thanks for your analysis! I would love to see your daily or weekly anlysis of gold for better long term view!
+3 Reply
I think this trade is a winner with TP 1904, thanks TNT/PRO JACK
+3 Reply
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