FUNTRADER-Vera
Short

Glod: plan for the last week of OCT

FX:XAUUSD   Gold / U.S. Dollar
310 10 11
Traders:

This is daily chart analysis for gold             .
In our strategy, if the yellow trendline were broken
by candles, gold             will have a chance to getting close up tp 1300.
Last week, gold             could go no higher than 1272, now gold             is about to drop down to retest 1250 again.
If 1250 cant stop the dropping, which means the end of wave 2 and start of wave 3, and 1219 will be the next support .


Less is more!
Comment:
snapshot
Comment:
snapshot
Trade active: 1ST plan begin at 1266.03
Comment: sl hit, and gold now is moving up.
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"Less is more" Absolute tagline...always remember this.
Reply
Hi Vera, thanks for your good analisis!!
Q: why you have a Fibo in reverse?
Regards
Reply
Hi, there.
This is one of my tool to find out tp.
Thank for asking.
Reply
FUNTRADER-Vera PRO FUNTRADER-Vera
And it always works.
Reply
1st thank you for your profitable ideas as always. here in your idea text you are saying that "In our strategy, if the yellow trendline were broken...". i understand that yellow line didnt broken last week therefore our direction will be short for next week. or you mean that we have to wait for yellow line to be broken next week?
Reply
This is a daily chart.
If you trade with daily chart which means you hold a trade for a longer time, I would suggest you short it now at 1266.
And then to see if the last low break.
If so, hold it until the bottom of it.
Otherwise, you can close the trade.
You cant long gold until the yellow tradeline broke.
Reply
FUNTRADER-Vera PRO FUNTRADER-Vera
Sorry, until the yellow trendline broke.
A lot of typing mistakes.
Reply
sulbas FUNTRADER-Vera
thank you for replies.
Reply
Edit your title while you still have a few minutes to do so. Typed Glod instead of gold. Easy thing to do.
Reply
sorry about that.
I will make it correct next time!
Reply
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