JonathanWong
Short

Slight MACD Divergence on Daily

FX:XAUUSD   Gold/U.S. Dollar
a year ago
Slight Divergence observed on Daily chart . Gold             looking overbought, trading near downward channel from 2013. Should be seeing some unwinding of long positions on XAU in the next few weeks. Looking for at least a 9% drop back down to 200Day MA.
a year ago
Comment:
snapshot
adding in fibonacci retracement levels for indicative profit taking levels
a year ago
Comment: Gold pushing higher up to the downward trendline - Gold short play still intact even though shorter TF suggests higher gold. If trendline breached, it will go higher.
a year ago
Comment:
snapshot


Markets closed for the weekend with a nice reversal candle stick right at the downward channel. Short play still intact. let's see what happens next week after markets digest the NFP data
JonathanWong
a year ago
snapshot
adding in fibonacci retracement levels for indicative profit taking levels.
Reply
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