FX:XAUUSD   Gold Spot / U.S. Dollar
329 10 11
Short since 1370$, i'm waiting that gold             tests the 1270$ area, level where gold             standed before brexit.
There's a nice 121 bullish setup and a confluence with 0.618 extension of the last bullish wave ( BC             on the chart)
Trade active
So your mid-term is rather bearish?
VirtualFax VirtualFax
What I meant was you expect a downwards bounce off the $1,286 level
pixi VirtualFax
Oh well. My bearish mid-term target should be this one
Pixi, your analysis and charts are awesome. But I hope this specific scenario will never unfold : )

It would have been quite devastating for the industry...
pixi VirtualFax
lol, i hope it will unfold for my account. I don't understand why it would be devastating for the industry (we're trading paper, not real gold ;))
Paper that sets up price for the real metal, does it not?
pixi VirtualFax
yes it does even if some goldbugs don't think so -> http://didthesystemcollapse.com
Pixi, what kind od trade is active now? Could you please specify as I don't think I'm able to figure it from the chart itself which ends at your prior bearish target.
pixi VirtualFax
long on 1266$ with a TP @1286$
:).. It's coming
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