Gold 4h Shows Bearish Sign

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold 4h Shows Bearish Sign
Although Gold breaks new high yesterday
but failed to maintain above 1700

Now 4h chart alraedy fromed bearish
engulfing and bearish Inside Bar Break down

Therefore we can sell gold based on the Inside Bar Strategy

Entry : 1668.17
SL: 1683
TP1: 1650
TP2: 1630
TP3: 1610
Comment: From 1668 to 1651 +170 pips
Trade closed: target reached: Nice fall! FROM 1668 TO 1608
+600 PIPS!
Trade closed: target reached: Earned 1000 pips
Comment: This is a perfect example of how to observe candlestick and use inside bar strategy
Hope you guys learnt some thing. :)
the beauty of this trade is we particiapte before the trend start.
Trade closed: target reached: hit 1500 . can close all profit!
Jack's Trading System:

微信助手:jackedu007 (添加信息 JACK院长)


Thank you in JDST 14.50 out 25.00
+1 Reply
Is the uptrend for gold broken now sir?
Or is it a buying opportunity?
+1 Reply
@SteveHer, dont buy.
SteveHer tntsunrise
@tntsunrise, thank you sir
Rolohardcore tntsunrise
@tntsunrise, They need to cut down the price via paper gold sells to buy more physical for cheap. At many places physical is now rare or not available. It can go down deeper (e.g. 1300ish) indeed but the recovery will be V-Shaped for sure than (>2000 in 2021)

What do you think about my idea?

Best Regards

You are the best
+1 Reply
Impressive again sir
+1 Reply
Waiting for next opportunity
Feds just cut to 0%
Is it now time sir? @tntsunrise
Where is good entry price?
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