DLavrov
Short

Bearish Divergence - Gold Short

FX:XAUUSD   Gold/U.S. Dollar
424 4 15
7 months ago
Daily chart , price is near up Bollinger Band . It looks like that we'll have reversal and correction to Moving Averages 20 at least. Why not to try get this movement? Based on 4H chart we have a signal for short trade. Bearish Divergence is formed by MACD and RSI . ADX starts falling and it's a confirmation that the up movement is not so strong now. Open short trade below 1363.10 with stop order above 1375.25 and profit targets near Moving Averages with periods 50 and 100.
7 months ago
Trade closed: target reached
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pmcllc PRO
7 months ago
isn't that a 5 wave count completion?
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DLavrov pmcllc
7 months ago
Yes, it can be 5th wave. But I don't use waves in trading and prefer to work with indicators, candlestick patterns and levels.
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Cornhub
7 months ago
very accurate on ur chart, thumb up
Reply
DLavrov Cornhub
7 months ago
Thanks )
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