FullTimeTrader
Short

XAUUSD-Payday-Gold is crashing as expected. UPDATE

FX:XAUUSD   Gold Spot / U.S. Dollar
1451 8 19
Hello, according to my previous analysis, i think the price is unfolding a big ABC zigzag .


Today price is crashing, my sell stop order was triggered and SO FAR everything is going according to my plan.
Many traders expected a rebound, we can see big volume days before.
Sell stop orders are powerfull because when its triggered others people's stop losses are hit.
I expect the 1.27 and 1.61 fib projections as next targets.
Happy Weekend

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to learn sharing ideas, have fun and improve our performance.
It was fast and furious. Congratulations!
+1 Reply
Hhanks, this is the power of this community, i usually dont trade gold but looking at some members charts i saw this opportunity
Reply
Really?
Reply
Seems a bit late to enter. But it'll work.
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oh no.... :D Totally possible.

If it were to crash like all other commodities gold should be at 700 right now
Reply
LastBattle LastBattle
Taking this chance to swap my 600g of gold holding for silver now.... ratio is pretty good, even if silver does potentially go lower with gold from here.
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IvanLabrie LastBattle
Silver is technically very cheap.
+1 Reply
Beside loving your ideas. I love the DISCLAIMER
+5 Reply
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