tntsunrise

GOLD Weekly View: Bearish Trend below 89 EMA

Short
tntsunrise Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD Weekly View:

89 EMA is good to identify Long Term Trend.
Last week, Gold already break down the 89 EMA
This Week, Gold made lower low and confirmed Bearish Trend.
From Supply - Demand view: Gold doesnt' have good demand zone untill 1133
From Harmonic Pattern View: Gold may complete the AB=CD untill 1113
Therefore, The only Strategy we are going to apply is:
Short the pull back
Use Inside Bar to Catch momentum
Use Structure Break down + Pull Back

Trade with your plan.
Comment:
Comment:
now is 1254
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now is 1250
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now is 1240
8 EMA have already cut 89 EMA.
Comment:
Now is 1228
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Comment:
1213 NOW
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1207
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Comment:
now you understand why i said take some profit.
inside bar break up
gold may rally for a correction

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