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AlphaDreams
Jan 23, 2017 3:34 AM

Gold Bull or Retrace First? 

GOLD / U.S. DOLLARICE

Description

Is gold retracing or more bull? If it reserves here I have the charts up and you can see here in solid gold . If it continues, I'm looking for 1229. If there's a light pullback before continuing to 1229, it might not be deep. DXY bounced off a critical area too; 100.3 above 100.25 which would have signaled it falling deeper. If DXY continues to fall, gold will regain it's movement bull .

Gold's 1h RSI is right at trend line . It could bounce and go higher or begin the next movement down. Will watch and see.

Solid Gold: Bearish Crab 1218
GoldOutline: Bearish Deep Crab 1229

Comment

Pay attention to each level. .236 fist. If it doesn't break it, I'll close the short and watch.

Trade closed: target reached

1204 reached.
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