vlad.adrian
Short

Gold failed divergence - Update

FX:XAUUSD   Gold Spot / U.S. Dollar
405 1 7
After gold             failed a very nice bullish divergence , and broke support with a very long marubozu , I entered in a short position. Besides the technical factors, I understand that fundamentally gold             and silver             risk another crash. Gold             is now testing the broken support, with a bearish candle. My stop is above 1300. Technically, I expect gold             to go to 1240, but because the fundamental picture offers the possiblity for another crack, I'll probably end up holding this position for longer.
I used XAUUSD             instead of GC1 because I liked more how the candle looked on this chart. Here is the volume for this small rally This is not how an uptrend should start.
i think tp 1224.in 26/6
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out