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tntsunrise
Jan 18, 2016 4:07 AM

Gold Face strong resistance at 1097 Short

Gold/U.S. DollarFXCM

Description

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
Comments
WuHaodong9966
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 !
kopparam
garfield0709
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)
garfield0709
tntsunrise
Yup. This cypher is valid
BLKS
But i am long.. haha.. both are possible, lets see how it develop.
tntsunrise
good view for the AB=CD if break 1120 your senario will be true
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