mnurarif_

POSSIBLE MOVE FOR GOLD? PLS COMMENT.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I see there are 2 possible movement from the current price:

1. The 2nd LH is formed at 1870.013, LOWER than previous high at 1875.471
-If I see this, I assume it possible it will be downtrend. But DO NOT short it right now. Please wait when it break neckline at 1858.050, and bounce downward from 1860.150

2. It will bounce upward from 1860.150.

So, there is no pending order right now for gold . Please wait for confirmation. But if you can take the risk, here there are.

(SCALP) Buy Limit @ 1860 - if it break 1858 with big green candlestick , go SHORT.
SL - ???
TP - 1870

(SWING) Sell Limit @ 1858.050 - enter this trade after it break 1858.050, then retest it back.
SL - ???
TP - 1838