RiccardoAnnoni

XAUUSD pierces 1180 and maybe go 1150 nevertheless...

FX:XAUUSD   Gold / U.S. Dollar
36 2 1
...I expect a bounce from that level as it has been supportive before.

So here is mi recommendation:
1) You go short with a SELL LIMIT at 1180
or
2) You wait (again!!!!) for a daily bullish candle and enter long

I prefer option 2) here, but what about you?

Cheers
R
I posted a bearish outlook a few days ago.
XAUUSD Short - Breaking of month long channel
Reply
Well done! Now I am waiting a Price Action signal to reenter long. A short trade at this point would be short lived but still interesting for daytraders.
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