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jolicoeur342
Sep 8, 2016 3:08 PM

XAUUSD - PATIENCE PAYS OFF Short

Gold/U.S. DollarFXCM

Description

If you are patient enough, XAUUSD overall is bearish, you can look the lower timeframe and see some "bull" but XAUUSD should always be looked on higher timeframe, because on small timeframe is pretty volatile, but on higher timeframe XAUUSD is pretty stable!
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XAUUSD went that high cuz of the BREXIT, but now the market is coming back to normal and the regular price of the is around 1250-1280!
Comments
Deanstatue
When are you expecting GOLD to get back down to 1250-1280?
jolicoeur342
Couple of weeks!
Annette
Around FOMC? No rate hike ;) What should drive Gold down?
jolicoeur342
FOMC wont really affect the market, i mean it move up and down and most of the time finish at the same point it began!
Annette
good so in your opinion what will affect the market?
jolicoeur342
Nothing, GBP goes up so GOLD down
Annette
Why you use GBP as indicator and not AUD or silver that is less manipulated?
-Andrew-
Gold is overall bullish my friend
jolicoeur342
For me its not, its like saying GBP are bearish... not anymore
-Andrew-
Don't disagree with GBP being bearish as I have shorted it and now in long position

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