KVE
Short

XAU/USD: Short, then long...?

FX:XAUUSD   Gold/U.S. Dollar
241 2 8
6 months ago
Gold             in short-term downtrend, looking to short on breakout of current correction...

Ideal short entry at first resistance or any of the common retracement levels, possible short zone depicted on chart, SL above 0.618 retracement..., target completion of Gartley and/or AB=CD pattern . If I don't get the ideal entry, the regular breakout trade will still be there...

Afterwards long from Gartley / AB=CD completion and/or trendline bounce... (we'll have to see what has highest probability when we get closer...).

6 months ago
Comment: No short entry, long from 1245
6 months ago
Comment: TP1 getting close..., SL at BE now to continue risk-free!
SharkbaitAl
6 months ago
I like your thoughts, thanks for sharing them! Wish I could give some feedback but very new so until I learn more just enjoying the perspective from you guys :) best of luck!
Reply
KVE PRO SharkbaitAl
6 months ago
Thanks, you have come to the right place to learn, great community, so welcome!!
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