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Bandarsq

Midterm Sell Setup

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
Bandarsq Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Gold GDX minors DUST Silver XAG USD ( Silver / US Dollar) DXY USDJPY DJ FXCM Index
61
25
xauusd gold gdx minors dust silver xagusd dxy usdjpy usdollar
XAUUSD has a clear RSI Bearish Divergence on 3-Day chart. I will keep an eye on the uptrend to short the breakout.

This trade is suitable for a midterm position trader.

Cheers!
Comment:
Here is first Fibo level which I expect Gold will visit once green channel is broken.
snapshot
Comment:
It's possible that Gold is in wave Y of WXY EW pattern.

snapshot
Comment:
Possible H&S

snapshot
Comment:
The main trend is not too far.

snapshot
Comment:
Well done bears. Congrats! on the breakout.

snapshot
Comment:
Weekly Line Chart has a clear breakout.

snapshot
Comment:
I think Gold just formed another lower high.

snapshot
Comment:
Bears waste no time. Yesterday drop surprised everyone. I honestly had thought the drop wouldn't have been this sharp.

Target 1 hit. Next is 1240.
Trade closed: target reached:
Target 2 reached. Thanks for visiting :)
It's never been a free market and will never be.

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Bandarsq
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