FX:XAUUSD   Gold / U.S. Dollar
330 6 11
Quick chart if gold             wants to retest its previous high.
pixi, Does this means Gold will be bearish this month ?
Reply
pixi albertwt
Hi albertwt,
In my point of view, yes, but i'm maybe wrong like any trader ;) Good luck in your trading !
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Hi pixi, how come gold will be bearish this month, while the chart showing a retest of 1375. Do you mean quick retest then bearish?
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pixi mshinawi
That's my point of view. Many confirmations are needed though. First step is a wave up above 33. And as i said, i'm maybe wrong. We'll see.
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Hi pixi, 1375 means we will break the major bearish TL which is currently around 1350. If that is the case we should go to 1400+ or go really quick back under 1345
Reply
pixi trading4fun
Sure, you're right. As you said quick back under 50 is also possible and i like the wicks ;) But we aren't there yet.
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