Akil_Stokes
Short

GOLD: The Next Pullback Into A Potential Short

FX:XAUUSD   Gold / U.S. Dollar
Looking for a simple trend continuation trade here on gold             as the market consolidates in it's latest pullback. The "Initial Killzone" that i drew out is a combination of the two bigger killzones that I've identified combined with levels of Fibonacci ratio confluence.

If you were to zoom out to the daily chart you'll also notice a previous level of structure support that may now act as potential resistance rest there as well.

Speaking of the daily, i'm getting somewhat of a mixed signal from the chart. An initial looks shows clear sailing down to 1100-1050's level, however I would suspect that the previous level of inside consolidation won;t make that ride so easy.

Not to mention the unexpectancy that comes with this being a non farms week.
Gold targeting 1383 > 1430.
Good Luck.
+2 Reply
Akil_Stokes PRO MetalCruisers
@TPparadigma, Man, I hope you're right, I would love that!!
Reply
Inzunza PRO Akil_Stokes
@Akil_Stokes, Akil check this out bro. Gold is still bearish to 1140...
GOLD/XAUUSD Bajista aun hasta 1140-1120 / Still bearish

+1 Reply
@Inzunza, Thanks for the share!
Reply
Inzunza PRO MetalCruisers
@TPparadigma, not yet. Gold targeting 1140 first...
+1 Reply
@Inzunza, There's a lot of downside opportunity
+1 Reply
Inzunza PRO Akil_Stokes
@Akil_Stokes, for shure, it is... Believe Gold will do that...
Reply
Inzunza PRO Akil_Stokes
@Akil_Stokes, Lot of pips for you bro lol...
+1 Reply
@Inzunza, Not for me, but I'm sure a lot of gold bears will be pleased
+1 Reply
Inzunza PRO Akil_Stokes
@Akil_Stokes, yeah haha Gold will be bullish after that... bullish to infinite
+1 Reply
@Inzunza, We'll see
+1 Reply
snapshot


It can go down again.
+1 Reply
Akil_Stokes PRO oguzhanatman
@oguzhanatman, Thanks for sharing your idea!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out