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Radley
Jul 18, 2019 10:37 AM

XAUUSD Short

Gold/U.S. DollarFXCM

Description

XAUUSD
Comments
Erland
Looks like it took a different shape and a new analysis should be made in place. Many suggest a rise to 1460-1560 as 1440 resistance was broken and 1430 support is being tested.
Radley
@Erland, Not really gold respected an outer structure which I didn’t display on the idea but was already part of my plan
Erland
Yes, I see what you mean and that what I was trying to say - many different indications is suggesting a low of 1407 and the high of 1460 before a fall can be initiated. A new channel top line now is 1437-1453 as we have a Convergent Triangle which broke up after 5 corrective waves -1439-1381-1437-1385-1427-1400

Monthly and Weekly RSI and Stoch are still a healthy buy and 1360 retest will have to wait a bit in my eyes.
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