GcNaif

Looking forward to Buy from 1173 & short between 1200-1205 area

FX:XAUUSD   Gold Spot / U.S. Dollar
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i m seeing potential bearish bat ,potential bearish abcd with the confluence of trendline at the D area , also a good structure on the left at the Darea which could be a good resistance . Also i am expecting it to range between 1173 - 1204 area for the coming week..

Range to trade for the coming week: 1173-1204
Long from 1173 to 1204
Short from 1204
I am a Chart Slave.Thank you TradingView and @nmike.
Definitely a valid projection in my book...I get a similar range target using time at mode.
I'm a bit scared of shorting gold right now though, but I do follow it closely as part of my intermarket analysis.
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GcNaif IvanLabrie
Thanks
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Nice spot to cover half then ride with BE stop...supported by your gold analysis, and the RBNZ. :)
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GcNaif IvanLabrie
not exact but very close to your view.
+1 Reply
We agree it's a short for the time being.
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