tntsunrise
Short

Short Gold WITH FOUR REASON

FX:XAUUSD   Gold Spot / U.S. Dollar
5110 27 113
Short Gold             WITH FOUR REASON
1. GOLD             pull back to 0.618
2. Trend line retest
3. RSI is overbought
4. 1.618 EXT
if we see price action shows bearish
Enter the trade
SL should be above 1260
TP: 1236 / 1205
Comment:
snapshot

touched the trend line
Comment:
snapshot

Rejected at the trend line
Comment:
snapshot


NOW IS 1226, +340 PIPS
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Nice analysis. Thanks.
Reply
Hi Jack, OOT, why you always used RSI period 7? the priod 14 better than 7 right? thanks.
Reply
tntsunrise TOP andreedbert
7 is more senstive
Reply
which brokers you guys with, I was stopped twice on this one
Reply
JayM NidalDarawsheh
You will be stopped out again unless your SL is above 1273.
Reply
I will eneter another short position if price go to 1274, for BAT pattern
Reply
JayM tntsunrise
Yes, I got it, thanks.
Reply
Hi Jack, r u looking to short now ?

Reply
snapshot

Waiting for this level to short
Reply
stopped out again
Reply
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