Many followers missed my short from 1287 and long from 1201, and continues to ask me whether can short now? First, it's good to see my followers did not chase the price. Second, in long run, I expect GOLD to be bullish which i have explained many times in my previous ideas. Third, if if if you really really really want to short XAUUSD, you can use small positions to short in the zone which are made up by orange lines. You can short from the slash line or horizontal line. Depends on you.
But personally, I still long for XAUUSD and will not open this short position. I prefer long in a lower price.
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From1264.26 drop to almost 1259 currently, around 50 pips.
For those who wanted to short all the time, you win. U successfully forced me to publish a idea to short XAUUSD. But personally speaking, it's more like a scalping and I'm not in it.
But luckily, you are all in profit. I do not want my followers to lose no matter long or short.
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The slope line seems a good resistance currently
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Create new high as I expected that is why i say I would not enter short for XAUUSD now.
For those entered this scalping idea to short last night, during around 20 hours you were in profit. Did you put it into your pocket? If yes, nice, this is a bonus for our long trade from 1201 till now.
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Show some rejection from the upper orange line.
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Boumrah
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i appreciate your idea,i will short if it breaks,what do you think,is it time to go down ? ??
:)
LeoYao
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Thanks for ur support. Sorry I am busy today morning cannot take a close look into it. But I remember based on last night what I saw, 1274 and 1280 may be a considerable place to short
jay_y
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Responding to your reply, price going to bounce up from the lower wedge. Temporary Long till it touches to the top boundary of the wedge.
GOLDTREND-NET
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Don't short it until it reaches like 1285-1290. This is not going down easily like we all expect.
LeoYao
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Of course
Loii
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What do you think?
LeoYao
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Agree,can be higher
Sakakikunmakio
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Grab profit don't be greedy.. Next week gold seeking below 1200.. Might be we will see below 1200 end of this month
:)