GcNaif

Shorts based on Strong Clone Level at 129x area

Short
GcNaif Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
I was expecting gold to rise to 1400 after the outcome of US election results but Mrs market gave back all the gains it got from that event. I am waiting for the price to retest 129x area which has acted as good level for both up n down. The other possible entry will be below 1278 . Will watch the price weakness in this two areas.

Potential Short Entries :
a. 1295-1291 with stop loss around 1297(for 1291) and 1306(for 1295)
b. 1276 with stoploss 1281 ( which ever comes first)

Potential Directions are marked on Chart as arrows.

Clone levels :
Buy levels: 1305/1319/1334
Sell Levels: 1292/1278/1264

Note: please do your due diligence before placing the trade.
Comment:
Renko :
Comment:
Trade1 : target 1 and target 2 for 1291 short hit.
Trade 2: target 1 for 1278 short hit
Closed 50% ,will let rest run
Trade closed: target reached:
closed all trades , will wait for next opportunity

I am a Chart Slave.Thank you TradingView and @nmike.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.