Fxprotrader
Short

Gold Sell Setup Coming Soon & A Pending Cypher

FX:XAUUSD   Gold Spot / U.S. Dollar
650 4 23
Gold             is moving in sideways into a rising wedge pattern and with MACD bearish divergence we might soon have a price reversal to the down. Most likely price is going to reach the 1.27 fib extention level of the previous impulsive wave so we might have some more up and down into this wedge .

When price breaks below the lower bond of the pattern we should watch for a sell setup to complete and go short. Lower in structure we have the completion of a bullish cypher and perhaps price may reach it's D point and reverse. The cypher will be valid if price in the wedge reaches the 1.27 fib ext.

Great analysis..
Reply
Fxprotrader marketplaceguy
Thank you mate
Reply
I do agree with that
Reply
Fxprotrader Vytasbcn
That's great, thank you
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out