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clament28
May 16, 2017 3:28 AM

XAU/USD GOLD Trading Idea IW20 (16/05/2017) Short

GOLD / U.S. DOLLARICE

Description

It is finally my first Trading Idea post after since in TradingView for more than 2 years :D

Let's start with the highly sought after GOLD 0.28% trade.

I am still watching the price heading towards the resistance level .
As there are strong greens bars in H4 timechart.

Looking to sell at around 124x area

p/s*
Just cautions for sudden more missiles launch from N.Korea !!

Trade active

It is headed to 124x level now.

Sell can be executed to test the pair.
Cautious for DXA USDollar further weakness !

Comment

If 124x resistance level break, next level would be 1257

Comment

Moving sell limit to 1261

USD is too WEAK :(

Trade active

A quick sell for retracement at 1261 level.

If a break here, we can easily see GOLD heading toward 128x level.

Good Luck

Comment

Retracement as analyzed !

TP should be around 1246 area

Happy pips-ing

**Be prepared for continued uptrend for tomorrow news

Trade closed: target reached

TP HIT 1245 area !!!

Enjoy the fruits :)
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