PULEMokhothu

XAUUSD 1862.69 -O.77 % SHORT IDEA * CONTINUATION & STRUCTURE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
HELLO EVERYONE

A look at GOLD, now gold just had an impulse move with the bears with significant momentum traded in a symmetrical triangle and broke below of structure now it seems we are pushing up to retest this structure which may signal continuation, looking forward to this move to signal the trade and looking for continuation to the down side because momentum with the bears was just too strong and i'm thinking we might continue, gold is still within that descending channel which just saw a false break.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.

LET'S SEE HOW IT GOES..

HAPPY TRADING EVERYONE & LET THE WINS RUN...

_________________________________________________________________________________________________________________________

ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

__________________________________________________________________________________________________________________________


If this idea helps with your trading plan kindly leave a like definitely appreciate it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.