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Platinum-Markets
Aug 15, 2019 12:42 PM

POSSIBLE SHORT ON 2H Short

Gold / U.S. DollarFOREX.com

Description

Channel and price zones are indicated on the chart.
Use tight stop loss as price can move up to the 1533 handle again.

Use quotes on your broker platform for entry.
Comments
GODOFCHARTEATKIMCHI
I inspired by your time analysis
You were perfect last time 1440-1400 area trade
so can't you comment my last idea? i think next high will be 1630 which rally start on sep 19th
Platinum-Markets
@GODOFCHARTEATKIMCHI, Between Sept 19th to 26th, we expect price reversal of the prevailing trend but that will depend on the price action at that time.
For price to reach 1630 we have to break the current resistance at 1533 and then 1566. The major resistance is around 1582.

We also have to wait and see price action from 27th August as this zone is on a critical time axis.
A double top at 1533 between 27th - 31st August may be likely but I wont advice for any buy entries for now.
Any buy entries should be after the resistance at 1534 is broken.
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