Gold Wait for this correction end and short

FX:XAUUSD   Gold Spot / U.S. Dollar
8968 12 121
Gold             Wait for this correction end and short

Gold             now is in a 2 leg rally stage

if this 2 LEG rally end at 1280 and can't break new high
we can wait for the gold             to break down the channel
and short
Use the FIB ext tools as well: 1278 and 1280 is the key

Plan B: if strong bullish candle close above 1281
and we want to buy gold             if there is pull back
If the NFP can't break 1280
we want to short
wrong idea again!!! failed idea .....
wrong idea again!!!
Well done, impressive charts.
is sell setup still valid?
dakkid vponda
@vponda, maybe it's too late as pullback already done and went down quickly...
Interesting... very interesting... please update the idea too so we can keep track of it tntsunrise
Always love your analysis, thanks tntsunrise!
+1 Reply
Your analysis is always one of the first things I look out for, thanks!
my sense told me that no pullback, just down from here on :D
dakkid NimRODZ
@NimRODZ, Good job !
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