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KeyTrade

Short Setup Gold

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
KeyTrade Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis XAUUSD
12
16
chartpattern trendanalysis xauusd
With Fake breakout and breakding down neckline, and top has low volume, confirming the weakness and bull trap.
Price is capped at 60 Daily MA, Pink line.
If 1270 breaks, TP1: 1230, TP2: 1180
Comment:
Still in triangle, volume not confirming, no change from previous analysis
Comment:
Crazy daily actions, but still in triangle trending down, UJ turns bullish, more down coming.
Comment:
more down, 1270-1274 looking for a bounce or breakdown
Comment:
Maybe bounce around the bottom of triangle, if break it will free fall
Trade active:
Breakdown, 1230 on deck
Comment:
Not breakdown yet, still holding
Trade active:
another try of breaking down, we will see if this triggers
Trade active:
Gap down, lets try again
Trade active:
Finally broke, 1230!
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