GOLD Short: Price Has Entered The PRZ Short

Gold/U.S. DollarFXCM

Description

⋅ Oct 20, 2016 10:20 AM

Hey traders! Price has now entered the PRZ from my previous idea:

I want to start looking for short opportunitites around this area. Looks like we may have another small rally beforehand, so I want to trade the break of the trendlines shown. Updates to come, cheers!

Trade active

⋅ Oct 21, 2016 2:06 PM

This one is active! Further updates here:

Comments

MR.A

⋅ Oct 20, 2016 2:37 PM

I'm with u. Nice analysis

glennmercer

⋅ Oct 20, 2016 2:53 PM

Thanks bud, good luck!

Traznor

⋅ Oct 20, 2016 10:36 AM

i thing also could go to the key level at 1200 and the we can have a good long

glennmercer

⋅ Oct 20, 2016 2:53 PM

Traznor, great idea I like that setup

RuhailKhan

⋅ Oct 20, 2016 10:25 AM

Nice analysis always bro. but see the dollar index daily chart highly overbought. any big correction can change the idea of your gold.

glennmercer

⋅ Oct 20, 2016 2:53 PM

Thanks Ruhail