Lingrid
Short

GOLD down from level

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price tried to break through the level. But failed. A powerful pullback occurred. And I expect it to continue.

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Comments

Very helpful! Thanks a lot!
What do you think about my analysis:
Reply
Well done you! Im glad this worked out for you. Couple of douters below. I bought a trend line last night. Do you think it'll rise much more?
Reply
I don't agree with you on this chart but on eur/usd and gbp/usd.

In the 4h gold chart take a look at 233 EMA btw, and i assume that gold has 2 support levels 1. is between 1717-1722 and second is classic 1705-1680 levels. I expect gold will bounce from one of these supports to retest 1745$.
Reply
Kaan_ARTAR Kaan_ARTAR
Or anyway... I agree with you now :'D
Reply
NMKTrader Kaan_ARTAR
@Kaan_ARTAR, are you serious?? STOCKS are going up and you expect Gold to go up as well.. mate you are in the wrong business. Gold is SHORT, it will not bounce back..trust me..If Stocks goes down then of course gold will go up. But looking at the current situation in U.S, if things doesn't get better then i would expect Gold to bounce high
+1 Reply
NMKTrader Kaan_ARTAR
@Kaan_ARTAR, i am short on gold for hours now..and am in big profits. Simple Rules, Stocks GO UP = Gold go Down
+2 Reply
Quest5ive NMKTrader
@NMKTrader, I just learnt this from You now! "Simple Rules, Stocks GO UP = Gold go Down"
Reply
Oueen NMKTrader
@NMKTrader, Thank also just learned from you
Reply
Kaan_ARTAR NMKTrader
@NMKTrader, thx for tips:) i have closed my longs before huge fall today luckly btw:)
Reply
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