MRKKYI

Gold, look to break 1900 today

Short
MRKKYI Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold, the daily negative, the price test 1902 position, which is the largest wave of rising since the 382 position, but also the integer level, yesterday made a brief support rebound, but the form, or suppression of even negative broken bottom retracement, which means that the trend of weakness is still continuing, 1900 is not guaranteed!

These two days stressed whether from the magnitude, or from the form, do not have more than the conditions, one is the price is suppressed below the average, in addition to constantly breaking the bottom, and from 1980 calculations, only down $ 80, the magnitude are far from enough.
Therefore, the back of the decline, at least or look at double the distance to be a reasonable buyer safety area.
If you think about it this way, down from 2080, the low is at 1932, and if calculated from 1980, that low is near 1832?

At the moment, it seems too big, after all, there is still a gap of 70 dollars, but in the downtrend, the market, if it is going to fall, it is only a matter of two days.
At the same time, even if you do not look at this position to see, change the pattern to emphasize the next: long not dead, short more than, often in the bottom of the pattern, accelerating down is the inevitable bottom, but for now, no big drop, the pattern will not reach the bottom.
So, an acceleration, thirty or fifty dollars is also very easy.
Even if the adjustment to the previous gap position, it should be in the 1860-70 line. To this only fell 110-120 U.S. dollars, the magnitude of the change is not large, so the position now belongs to the retracement of half, this position as long as there is not a complete long signal, we should be regarded as a retracement, the medium line must not do to participate.
And yesterday's technical points in: the European market went retracement.

1, yesterday in the U.S. market 1911 arranged sell, down vulnerable 4 conditions, the European market down, the U.S. market vulnerable, so at the 1900 mark level, or hope that the European market can fall, the European market down, the U.S. market retracement of the probability is high.
And the price of the morning rebound, but also to the top of the hourly large negative line, plus also resistance is very close, there is to see the rhythm of the daily series of negative, so have the conditions to challenge the short.

2, the European plate broke the bottom, the U.S. counterpump secondary sell. and the European plate continued to fall in 1911-12, which became the key position of the U.S. counterpump empty.
The only regret is that the U.S. market decline is not large, piercing the European low rebound, although suppressed below the 1911-2 renewed decline, but did not take the broken market.
For today's aspect, the daily series of negative broken bottom close, is still weak.
Yesterday's early morning crossover closed at 1912 a line, the morning rebound suppression retracement, then today 1912-3 is the short watershed.
And the morning retracement, now the pattern, or the intra-day continuity of the Bo, to go below the 1900 mark.
Intraday touches 1908-9sell, sl15, tp1896-8.
Again, on the decline, it will not cross the watershed.
In addition, the morning drop, weakness bo intra-day continuity, the earlier the European break down, the greater the probability of the second drop in the U.S. market.

The above views, for reference only, investment risk, enter the market need to be cautious; please strict stop loss, control the proportion of funds, rational trading.
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