jafelco
Short

short xauusd for short to intermediate term

FX:XAUUSD   Gold / U.S. Dollar
63 0 2
This looks like a shorting opportunity after filling th             gap left yesterday. But i think the economy is not doing as well as the stock market indicates so I am going to remain cautions on gold             since it is counter trend to the s&p             . the govt             needs to have the economy look better than it is hence the new high in the stock market. I dont believe it. when things look different than what is really happening these days, I remain on alert. Maybe gold             and the stock market are diverging.
Comment: trading below 1338.14 would confirm intermediate trend is down. short term bearish until confirmed.
Comment: short term short from current level or confirm on trade below 1342.60 and intermediate term short confirm on close below 1338.14
Comment: short term target 1338.14
second target 1323.67
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out