tntsunrise
Short

Gold watch 1242.30

FX:XAUUSD   Gold/U.S. Dollar
3749 16 101
Gold             watch 1242.30
This will be a break out + pull back trade
if gold             comes back to this level
and been rejeceted by it.
Comment:
snapshot


UPDATE: 1243.60 maybe the best point
Comment:
snapshot
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hi Jack , now gold is going up for buy ?
Reply
uperth natkamon2504
Yep quite an overshoot of the upward correction target... how far will it go?
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Gold has rejected 43 many times before a break out, so its hard to rely on just that for a short trade.
NEXT BUYING OPPORTUNITY FOR GOLD
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lost everything on usd/cad just now. Going to deposit my last $1000. Im in big stress
Reply
tntsunrise TOP mdvisser.visser
Dear Visser, Remember to calculate your position size. For USDCAD trade, if enter at 1.2650, stop 1.590, the distance is 60pips, if your account is 10k, u only risk 2% which is 200 usd. 200 * 1.2650 / 60 = 4.2 CAD per pips, therefore, should only trade 0.42 lots USDCAD .
Reply
tntsunrise TOP tntsunrise
1.2590 SL
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Smiley8080 tntsunrise
Do you still Gold rise on falling USD?
Reply
1259.75 is the resistance. Breaks below 1230 negates this view.
+1 Reply
Gold following Bullish WW pattern and point 6 is still pending before we see any bullish move
Gold  Bullish WW Pattern

kmk.msp
Reply
why the gold will fall to 1201 ??
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