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Loii
May 19, 2016 1:38 AM

2 POSSIBLE SCENARIOS FOR GOLD Long

Gold/U.S. DollarFXCM

Description

2 POSSIBLE SCENARIOS FOR GOLD.

not favoring any of the scenarios. my bottom is $1250 or $1243.

Comment

1243 will be a key support, a break below will see $1235-1320.

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bottom can be as low as $1230

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DO NOT BUY! this has broke the bottom of the channel. im expecting atleast $1230 by end of friday session

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typo key support is $1243-1230. sorry

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THIS CHANNEL IS STILL VALID! i long until 1268-1275

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trading scenario #2

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out of my long

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i will be waiting until 1205 or near to long again. currently got 0.4 lot shorts

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$1205 is 38% retracement from dec bottom to may top.
Comments
SunilJi
below 1243 you gave down side target 1235.. right but 1320... its writing mistek or again up side range
Loii
$1230 is my bottom, i will only buy small there, if 1230 breaks we can see much deeper correction
SunilJi
ok Good but you wrote 1320... so i asking you.. its upper side target or any writing mistek.. ok now its clear... thanks
Loii
sorry typo its $1230
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