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simontien
Jan 6, 2016 3:20 PM
One more clue to short gold
Short
FX:XAUUSD
1D
Gold/U.S. Dollar
FXCM
Description
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Jan 6, 2016 3:20 PM
Idea posted before Christmas holidays posted at
is still valid.
Price is now approaching a daily resistance level in conjunction with a bearish butterfly pattern completion.
Gold
Bearish Butterfly
Butterfly
Support and Resistance
XAUUSD
Comments
StephanusCahya
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Jan 7, 2016 2:56 AM
I think of this pattern, strong enough to make a correction (about ur 1st target) before gold do for long to another resistance.
StephanusCahya
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Jan 7, 2016 3:01 AM
or if i false, it will go down about 1051 again (best support)
simontien
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Jan 7, 2016 1:17 PM
The most important thing is to reduce the risk moving stop at breakeven if the price hit target 1.
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