tntsunrise
Short

Gold Face strong resistance at 1097

FX:XAUUSD   Gold / U.S. Dollar
1582 7 39
Gold             Face strong resistance at 1097
This is the fibo 0.618 level
price tested twice but can't break.

We can wait for the trend lien to be broken
and open short position,
SL above 1097
TP1: 1071.33
TP2: 1055 ( AB=CD Measured Target)
Trade active: trend line broken short confirmed
Comment: Nice Drop. Price has broken 1087 support.
Soon it will reach 1071
Trade closed: target reached: First target of 0.382 at 1083 is hit. rest position Stopped at break even
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But i am long.. haha.. both are possible, lets see how it develop.
reason to Long for Gold
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good view for the AB=CD if break 1120 your senario will be true
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if gold drop down, I will long first once it hit the bearlish line. Or just wait for the potential Cypher pattern completed. Short at D(1104)
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garfield0709 garfield0709
short if the potential Cypher pattern completed
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tntsunrise TOP garfield0709
Yup. This cypher is valid
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gold zhe jian ren jiu shi jiao qing hao shi bu guo san guan zhu 1108--1113 shi fou you xiao tu po guo bu qu you ge qian zai de jia te li . neng kan dong ma shuai ge !
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