Investor.Unity
Short

XAUUSD Analysis 10/11/14

FX:XAUUSD   Gold / U.S. Dollar
243 0 0
Long term trend: Up
Medium term trend: Down
Significant Levels: 1187 (Horizontal Resistance), 1080 (Horizontal Support)

As previously mentioned, the recent move that formed is what we're looking for, the breakout below the 1187 significant level. As of writing, a retracement is forming near the support-turned-resistance line. This is a great opportunity to trade now. Even though the previous candle is a Large Bullish one, the resistance could not be broken that easily. Especially that the price recently broke below it. It would be a nice opportunity for us to get in the market and place our Short trade.

Place a Short trade at or below the 1187 level and the Stop Loss above it.

Trade well.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out