GOLD: bearish trend confirmed?

FX:XAUUSD   Gold Spot / U.S. Dollar
The movement began last week, is symptomatic of the mood operated, therefore our expectations are for a further weakening of the gold             .
Our attention levels (target) are clearly posted in the chart above, while the published chart below, highlights a possible pullback up area in 1192/1197, from these levels our expectations are for a further downward leg.


I'll do appreciate all views be it a like or comment , Thanks!

Signal Suisse
stop out!
Yahia.Awes SignalSwiss
SignalSwiss Yahia.Awes
only scalp position
Yahia.Awes SignalSwiss
Well I expect it to go down a bit this week, DXY giving bullish signals.
SignalSwiss Yahia.Awes
Great!! :)
Yahia.Awes Yahia.Awes
Strange thing that gold couldn't rise while dxy was weak, don't you think? I was on the long side also but reconsidered my analyse.
whynot1977 SignalSwiss
Thank you very much, I hope so bearish position will be win in a short time.
working setup area.....

+2 Reply

Agreed, and same level for retesting and selling again on rejection.
I don't use fibs, by the way, remarkable how we arrived at the same conclusion.
Thanks for sharing.
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