The gold is over

FX:XAUUSD   Gold / U.S. Dollar
1049 12 20
Dear friend's

The gold             is on very sensitive situation. i think the bullish movement of gold its over, and it could be move down to 990.

* Alternative scenario is fix over 1350 then we move on free space and we can access to 1427 then 1521 area.

kind regards,
Trade active
Comment: its possible to move 1427
I guess you can not say about divergence yet. There would be divergence if the next candle is below and RSI is down. I am not giving opinion about bullishness or bearishness here.
+1 Reply
i can not say that this is divergence and thats why i didn't talking about divergence in my comment blow chart. so, it just mark on the chart for remember the next candle confirmation. thanks for your comment. ;-)
xiiimik PooyaSalehipour
Got you! Good stuff!
+1 Reply
You too....
I think gold is likely to test 1350-1355.. then down to 1300.. we still have many uncertainties in the economy so my opinion is that traders will take some profit and carry on being long.
+2 Reply
Dont forgot we dont break the long term bearish trend at the moment. it could be by break 1350 and then fix over this.
HanHarbin PooyaSalehipour
Where is the long term bearish trend?
+1 Reply
if you are long term trader i suggest you to get sell position here with $100 SL and 200$ rewards
it seems that the last run in gold occurred with a cycle inversion pulling a lot of energy in the upside and sucking bulls in. This might last till the end of the month and then the 990 level will become likely
+1 Reply
definitely yes. absolutely agree with you.
You gonna be trap... 1300 is new support for now... Gold is highly bullish in ply... Short can an occur about 10-20$... After tht all the ways up to 1400 1500... High chance the fed not rate hike of this year... Helicopter money on its ways
+1 Reply
pmcllc PRO Sakakikunmakio
that would probably be the case if a cycle inversion would have not been violated by the Brexit event. Now that has been violated it is very hard to make a case for a healthy bull market which are usually after a severe clean up of bulls.
+1 Reply
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