Gold Approach 0.382 and important Resistance

Gold Approach 0.382 and important Resistance
AB=CD complete at 1235
0.382 retracement at 1238.41
Previous Structure aslo at same level.
Therefore we can short gold at this level
If price action is bearish.
Look for Pin bar , inside bar break down and Engulfing
Candles
TP1: 1208
TP2: 1195

Comment:

Price is coming to our zone
wait for price action first.

Comment:

Repeat: Don't enter any short now. Just Observe First.

Comment:

Wait for this 4h candle close to confirm a bearish engulfing

Comment:

If this candle can't break new high, we can go short

Comment:

Nice!

Comment:

Comment:

Now is 1214, nice 200 pips profit!

Comment:

Comment:

Now we can short Gold one more time based on this Inside Bar

Comment:

Gold Failed to break 0.618

Comment:

Our short from 1328 made money again

Comment:

The Inside Bar has reached 1:1 RR ratio, we can close half profit of this position

Comment:

Nice Fall! Now is 1212!

Comment:

1207, +300 pips

Comment:

This is a very good example of structure + AB=CD + Fib
We don't need to guess the market, but we simpley trade them!
Big win or small loss comes as the result

Comment:

1203 nice fall

Comment:

Comment:

Get ready to sell the 0.618 pull back again

Order cancelled:

GOOD NEWS, its' getting the 0.618 level

Comment:

OK, 0.618 touched.

Comment:

Comment:

BRAVO! Nice fall from 1227.97

Comment:

Daily Inside Bar break down and potential AB=CD

Comment:

Live Webinar for this week : 2018.11.27 zoom.us/j/9964461854

Comment:

Comment:

WOW! Nice profit again: