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ken168
Jan 7, 2017 7:32 PM

Changing trend, SHORT gold for 1123 exit.. Short

Gold/U.S. DollarFXCM

Description

  • see 30m gold chart here,
    H&S neckline 1175 just broken,
    started heading H&S target 1161 exit;
    confluence Fibo target 1163 exit profit$$$.
    Take note, H&S pattern always bring changing trend direction.
    means bearish trending starts from here,
    price below MA200 and below CLOUD,
    confirming bearish trending in place,
    trading strategy only go short; sell on rally.

    Once price gone below weekly pivot 1146,
    shall lead falling hit Fibo target 1123 exit.
    Go,go,go; fighting; jia you...
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