FullTimeTrader
Short

XAUUSD-Payday-Gold is crashing as expected. UPDATE

FX:XAUUSD   Gold/U.S. Dollar
1451 8 19
Hello, according to my previous analysis, i think the price is unfolding a big ABC zigzag.
XAUUSD-Decisive moment-Trading the 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.
Beside loving your ideas. I love the DISCLAIMER
+5 Reply
LastBattle
a year ago
oh no.... :D Totally possible.

If it were to crash like all other commodities gold should be at 700 right now
snapshot
Reply
LastBattle LastBattle
a year ago
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.
Reply
IvanLabrie TOP LastBattle
a year ago
Silver is technically very cheap.
+1 Reply
Seems a bit late to enter. But it'll work.
Reply
Gekko.uk
a year ago
Really?
Reply
el_trader
a year ago
It was fast and furious. Congratulations!
+1 Reply
FullTimeTrader el_trader
a year ago
Hhanks, this is the power of this community, i usually dont trade gold but looking at some members charts i saw this opportunity
Reply
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