AlphaDreams

Gold Broke Trendline

AlphaDreams Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Holding shorts wasn't easy while sideways in "the cloud". But we're free now and it dropped fast. I did close some short position and will hold the rest to see how deep it goes before it needs a break. 1h RSI is pretty deep already. Will add to short position when it either touches trendline on 1h RSI again or see if it retreats higher. 1150 is a signal for bull so I'll watch it closely.
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Also watching 1123 low as a signal for short continuation and 1150 as stronger bull confirmation.
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Top end trendline I'm watching...

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Fibonacci retracements are fun.
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...and now the bigger trendline. Bounce? Push through?
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I'll add a new chart here soon.

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