Broadening Wedges Descending in Formation Long

Gold/U.S. DollarFXCM

Description

⋅ Jun 8, 2016 9:44 AM

Buy Break out Resistance at 1263-1264 SL at 1250, Better Buy throwback if there's one with a Stop loss at 0. profit taking can be very high if the structure is valided by the market. look at the graph..

Comment

⋅ Jun 8, 2016 3:30 PM

Buy next Break out retest SL at 1258

Comment

⋅ Jun 9, 2016 7:17 AM

If Breakout retest fell this morning, i see a last opportunity to be long today at 1248-1249 SL 1246 and then breakout for at least the end of this week or Monday.

Comment

⋅ Jun 9, 2016 1:05 PM

i 've just bought 1h candle SL 1257

Gold Descending Broadening Wedge

Comments

Organone

⋅ Jun 9, 2016 12:59 PM

i 've just bought 1h candle with a stop loss at 1257

Maxine

⋅ Jun 9, 2016 4:22 PM

Excellent analysis! So many analysts encouraged to short at 1263.

Maxine

⋅ Jun 8, 2016 11:29 AM

Very interesting opinion and different from other analysis. I agree with you, I see a point to buy at a weekly level.