TradingView
AlphaDreams
Dec 20, 2016 8:54 AM

Gold Broke Trendline 

Gold/U.S. DollarFXCM

Description

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.

Comment

Also watching 1123 low as a signal for short continuation and 1150 as stronger bull confirmation.

Comment

Top end trendline I'm watching...

Comment



Fibonacci retracements are fun.

Comment

...and now the bigger trendline. Bounce? Push through?

Comment

I'll add a new chart here soon.
More