Gold Theorycraft May-12-16 Short

Gold/U.S. DollarFXCM

Description

⋅ May 12, 2016 4:24 PM

Major correction eminent from big shot short players to re position their money for next gold trend
what could possibly trigger a move down to 1200?

XAUUSD

Comments

420snoop

⋅ Apr 6, 2018 4:24 PM

looks like ur red sell was the break out to buy

Entry

⋅ Apr 14, 2018 4:44 PM

@420snoop, the last green arrow cycle (also down trend a line break) gapped into sell cycle: minimal fade on sell cycle, result in continuation. additionally, green upper channel acted as major support (buyers attempted to buy during 05/24/2016)