VasilyPonomarev
Short

GOLD: Close to the first resistance

OANDA:XAUUSD   Gold Spot / U.S. Dollar

hey guys,

gold is going up following the recently posted trading plan.

market is coming closer and closer to the first strong level of resistance
and we can expect some retracement from the underlined zone.

our potential reversal zone is 1484 - 1488 area.
Look for a signal inside this area to short the market.

Target level will be 1472
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nice review, thank you for sharing.
Here's my update for traders with SL/TP included on the chart.
+1 Reply
Good pattern!
Reply
yes this analysis is totally correct, which will give ab=cd
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@wexfordIML, yes yes!)
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Agreed my dude and here's my take.

+2 Reply
@nezyrinfx, yes, I have also noticed this pattern formation!
good job!
+1 Reply
nezyrinfx VasilyPonomarev
@VasilyPonomarev, Let's see how it gonna unfold.
Reply
@nezyrinfx, let's see !)
Reply
Let me know what do you think about gold!!!
+1 Reply
MEGALO1 VasilyPonomarev
@VasilyPonomarev, No xau going to punch through to 1492 level maybe just above 1501 before weeks end :) Oh yes that 1488 will become new support? :-)
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