FtseSignals
Short

Gold Turbulence Forecast (SELL)

FX_IDC:XAUUSD   GOLD / US DOLLAR
47 0 5
7 months ago
Based on 1H ichimoku and MACD divergence
The metal signalled sell at 1292.41 with SL at 1295.79 or above.
Gold             is currently consolidating within the turbulance zone and attempting a retracement to towards 1291.99
At 1292.41 the TK             crossed bearish above the cloud and 5 hours later at 1287 the Kumo Twist occured. Although the price is within the cloud, which indicate a WEAK sell signal.

As the TK             and Price is still within the Cloud the sell signal is weak I have taken a small short position, I will add more to my short if the Chiku Span, Price and TK             is able to cross the cloud and closes outside the cloud safely by the finish of the Asian Session.
So for now I am short at 1292.00 SL 1292.21 TL 1270.88.

However, as long as Gold             do not close above 1301.50 the potential to test 1264 is highly likely. Alternative scenario, above 1301.50 look for further upside of 1314             and 1321.00
7 months ago
Trade active: Half way through our target.
Any retracement towards 1290 is a good selling opportunity with a SL above 1295.00 TP 1270 - 1258

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