FXHighway
Short

Gold: waiting to resume the decline

FX:XAUUSD   Gold/U.S. Dollar
625 8 10
Slight bullish attempts to trade above the head & shoulders' neckline, and turning back to trade negatively below this line.

Negative pressure from the EMA50, plus bearish signals from stochastic

Targeting areas near 1146.00, with risk limit above 1215.00.
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Technician TOP
2 years ago
Good one, good luck
Reply
FXHighway Technician
2 years ago
Thank you my friend
Reply
raggatanz
2 years ago
I agree with you! I opened gold sell at 1199
Reply
FXHighway raggatanz
2 years ago
Good luck
Reply
raggatanz FXHighway
2 years ago
thx;)
Reply
benrussell
2 years ago
I think the head is the end of wave A, and we have just finished wave B, now wave C up to 1250-1270 to finish the correction.
Reply
raggatanz benrussell
2 years ago
I think that to start wave C gold has to go down near the TP of FXHighway and then it will rise up!
Reply
FXHighway
2 years ago
Lets just be aware of any reversal might be under construction now
End of year might carry some surprises, hoping to witness positive surprise for our position :)
+1 Reply
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