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dmitry089234
Oct 1, 2020 1:34 AM

GOLD Intraday Short

Gold/U.S. DollarFXCM

Description

Sell again.
Comments
davik4life
Good is a Buy. The W formation on the 4hr time frame has completed and it’s done a complete retest cycle and is going on a Bullish trend. My bias about the pair, happy to share.
davik4life
@davik4life I meant *Gold is a Buy.
dmitry089234
@davik4life, I trade the probability. I had a sell "signal" based on my time cycles calculation. Also, we had a day full of news (FOMC, etc). Let's make a forecast for tomorrow.
davik4life
@dmitry089234, yeah, It has retraced nicely into the 1900. Zone, Look for a nice rejection to continue long. This is supported by the 200 EMA and also the Daily Central Pivot Line as strong support. Also, With the W formation on the 4Hr Time frame, An unturned is inevitable, so many Sellers are trapped already, So, They would all be wiped out.

Strong Buy is my bias on Gold for today.
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