TheZabisyu
Short

GOLD - Transition Test

FX:XAUUSD   Gold Spot / U.S. Dollar
Use an Entry above 1433 to take a sell.
This is 83 pip length transitions aka Intraday, so if sell works, take the money and wish it's going down more.
Other stuff:




Trade active: Entry 1434 tagged.
Comment: Set the Break-Even, this is not the move you want, it had to go. As well if you monitor the template we break 61.8 and did not touch the 38.2.
Comment: We need a volatile break below 1224 with a ton of sub transitions there.
Comment: great
Comment: I would advise you to take profit from this sell and be on sidelines during a news event. Because of that Reversal Transition located at 1459 area, I would think that Gold is willing to go more up before the actual sell sets in place.
Comment: We got the move and transition target is hit. I have closed my sell. Now we need to see Gold up, waiting for confirmation.
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