tntsunrise
Short

Multiple Calculation Implies Gold's rally to the end:

FX:XAUUSD   Gold/U.S. Dollar
Multiple Calculation
Implies Gold's rally to the end:
The 1.618 EXT at 1297.89
The 200% at 1301.40
The Big AB=CD Complete at 1299
RSI is Overbought
All these tellng me Gold             is facing Daily Resistance
I will look into small time frame to find
any bearish pattern: double top , Pin Bar , Bearish Engulfing
and short
Comment:
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Comment: seems 1h going to be a bearish pin bar
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It's a bull trap at 1300
Comment:
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Trade active:
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Short at 1296.50,
Comment:
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Comment:
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Bearsih Bat Pattern
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Power of bat pattern.
Did you short?
Comment: Short at 1296 and 1300
Now win 170 pips
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Two Target updated

Reminder: For thoese people who believe gold is bullish and want to long gold,
please be careful
Trend can by changed, that's how turning point forms.Dont be trapped.
What I think is: if gold never break up 1307,
we can not say it is bullish.
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Did you close yet, or is your SL on BE? The new trade suggest termination of this one if the SL is on BE...
Thanks
Reply
tntsunrise TOP sketchmaster
Close some profit. if pull back i will use the 2618 or cypher to sell again
Reply
Ok, thank you for your time to explain.
Reply
You rock man! Lately, you´re the best around here! :)
Reply
Thank you very much. So, if I understand you right if Gold breaks 1307 it is bullish, if it does not break 1307 there is a good chance it is turning to be bearish again?
Reply
YES
Reply
Good job Jack.

I wish I joined you, but I did not trade Gold before.
Reply
no worries. wait for the next trade
Reply
bunah2 tntsunrise
Thanks,
:-)
Reply
I think support is on 1280 ....
Reply
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