PooyaSalehipour
Short

Gold is over now.

FX:XAUUSD   Gold / U.S. Dollar
970 7 32
Dear friend's

The bat pattern target here is done and it seems we are moving into the 161.8%fibo for mid term support line.

Hope this analysis helpful for all of you.

Kind Regards,
Psalehipour
Comment:
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Comment:
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i dont expect gold to stop here mate
+1 Reply
PooyaSalehipour Alex.Singletary
Dont think about bullish move. its possible to back in $1000 channel again.
+1 Reply
Alex.Singletary PooyaSalehipour
time will tell mate
+1 Reply
nice style - but the short is a little bit to optimistic - take a look on DXY... the lower it goes, the higher the XAUUSD :)
+1 Reply
I believe there is a long term downtrend in place. If you look at the weekly you'll see that the 1300's could be reached.
+2 Reply
PooyaSalehipour purpurato59
this is midterm and agree with you @purpur
+1 Reply
thank you for your comment.. when i publish a chart i research anythings. So, this is my idea. maybe wrong. it doesn't matter. i am trading just with myself.
+1 Reply
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