Technician
Short

Gold: Some downside potential!

FX:XAUUSD   Gold/U.S. Dollar
5382 16 135
4 months ago
I see some good downside potential for gold             in the near term as the price has completed a bearish breakout below key support levels. If we break back above 1350 this scenario will be threatened.

It is just my view. Trade Your own view.

You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technican
4 months ago
Trade active
4 months ago
Comment: The price action is a bit messy. If it breaks above 1340 i will close trade..
4 months ago
Trade closed manually: The price fails to react to good u.s. news. I closed this trade at 1327.00 . 10 dollar profit from entry
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades
Liamfeltham
4 months ago
Still bullish Imo
Reply
hendrizhou
4 months ago
hit sl tq
Reply
mumuyang2
4 months ago
Hey Technician, will you hold this short position till 1347 breaks?
Reply
nahidik PRO
4 months ago
Hey Technician good to see you posting. I agree there may be a pullback but ultimately I am thinking a bit higher before a higher time frame correction.
Gold may glitter a bit longer before a HTF correction
Reply
Haunted_Cheez
4 months ago
Definitely looks bearish. I would wait a couple days for it to rally again, but those inverted hammers look like they may be mimicking the close of 7/12 which indicates a downward dive tomorrow morning. I don't know, if I took a bet, I would bet bearish because if it doesn't hit $1,325 tomorrow, it will in one week.
Reply
LongBreak
4 months ago
looking good ..
Reply
Technician TOP LongBreak
4 months ago
So far :)
Reply
Daniel-Malik
4 months ago
What your current view about this trade? will still Gold fall to the predicted level as your chart?
Reply
Technician TOP Daniel-Malik
4 months ago
To be frank the price action is a bit messy. If it breaks above 1340 i will close trade..
Reply
chinabox PRO
4 months ago
better don't fight gold now...
Reply
srinivasvk9211 chinabox
4 months ago
i realized it but bit late... lost a lil bit of my upside ride...
Reply
Technician TOP
4 months ago
Closed Trade.
Reply
srinivasvk9211
4 months ago
particularly today have closed my GLD trade as well after your comment on 1340... closed with min upside and no regrets. this is an eye opener for me. thank you sir.
Reply
Technician TOP srinivasvk9211
4 months ago
Glad i helped
Reply
FXHighway
4 months ago
Great catch mate, always creating perfect setups at the market ..
Glad to see you back ;)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out