RoboCash

Gold is in crossroads for weekly closing...

OANDA:XAUUSD   Gold Spot / U.S. Dollar
If this week close is above 1337 to 1340. Guess what, it will become a bullish close. So next week, it will only go up to 1800.
Comment: Clean version. What do you see?

Comment: I am not entering any position of swing yet.
Comment:
Waiting for this week close to see if it is engulfing or "right shoulder"
Comment: Interesting wild rejection on gold there. I suspected as well. This bullish move is not "right".
Comment: The correction I have been waiting for. I already have some short position yesterday prior huge rejection at 1740.


I am looking at lower till next week if we start to trade below Pivot line.
Comment: Enjoy the weekend. I hope nobody longed and stuck... ;)

Comments

I think you mean if we close above 1737 to 1740 :)
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RoboCash lord_kinbote
@lord_kinbote, Ah yes... Its typo.
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@RoboCash, no worries. Nice analysis as always. Have not seen you post in a while so it was a welcome addition. Best of luck.
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