GoldCartel
Short

Weekly forecast - Great risk-reward ratio

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
PS: This analysis fails if it can break out and close above 1800

1795.90 was the 2012's pivot , one of the most vigorous resistance in history. This zone could be a great sell zone with a tight SL.

I'm not a salesman who sells a "Master class trading strategy." I'm a full-time trader, and I trade to pay my bills.

Comments

COT report says there are over 400K short positions for commercial accounts, so it's sell time!
+3 Reply
@pirrom, Most likely Yes, but I reckon the main event is next week. Next week, there are so many incoming high-impact US data. Time will tell, but for sure, it's an excellent risk-reward ratio.
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@pirrom, where did you get that info?
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We pass the 1800 boss
+2 Reply
Fail again ?
+2 Reply
completely stopped
+1 Reply
Appreciate you work but resistance is broken. What your thoughts on the next move?
Reply
Gold remains strong. Bulls are holding. Don't sell it. Here is my analysis of Gold. Would like to share it with you.
Reply
Great piece of work, would you say to buy at 1736?
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