Get started
pparmy1991

Pending short plan for GOLD

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
pparmy1991 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Wave Analysis Trend Analysis
5
0
waveanalysis trendanalysis
Sold JDST last Friday since GOLD is deeply oversold on 4hr chart. Looking for reentering the trade since this is apparently not done yet. Watching for price action around 1302. Short GOLD again if bearish signal is detected, target could be 1276-1280. Trade with plan and good risk management strategy, GL!
Comment:
It would be a perfect entry if USDJPY retraces to 0.382 level at the same time, also we can see lots of important support&resistance from left side. Let's wait and see!
snapshot
Comment:
No trade as yet. Will be waiting for USDJPY back to 0.382 and see the price action
Comment:
Watch the next level 1319-1322. Hope it gets there and give me better entry to short gold.
snapshot
Comment:
USDJPY still in correction, very likely one more drop.
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.