Fxprotrader
Short

Gold: Breakout of Uptrend Open Door To Shorts

FX:XAUUSD   Gold / U.S. Dollar
Price in gold             has broken below a long term uptrend with a sharp impulsive move and it's now seems it's in a corrective structure having already formed waves A, B of a potential ABC correctice pattern. If price rallies and reach the previous broken level at the 0.618 fib retracement of the impulsive wave we should have the completion of the correction and a great opportunity to sell the market. I will update with the exact setup when it completes.

Like and follow for updates... Thank you for all your support :)
Comment: Altough price dropped as expected, i didn't join the ride as i was waiting a deeper correction. Now what i will wait for is a correction and after it ends i will sell gold. For those who are already in, you may add and trail to make this setup a huge one

snapshot
Comment: This analysis worked great. I posted a new one about gold. Check it out..!
Gold: Watch For Buy At Retest Of Long Term Uptrend
Nice chart! What strategy are you using there? Signals looks good.
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Fxprotrader travelingpm
Thank you.. I use wave patterns
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I believe well test 1332 one more time.
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MetalCruisers MetalCruisers
before up to 0.618
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Fxprotrader MetalCruisers
Let's see
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MetalCruisers Fxprotrader
Done.
GOLD / 500oz swing / Hedge trade
+1 Reply
MetalCruisers Fxprotrader
Now I am looking for 1350-80-1400.
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Fxprotrader MetalCruisers
Well done mate.. Good luck..!
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Fxprotrader ,welldone
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Fxprotrader RuhailKhan
Thank you mate
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i am looking for MT4 EW Pattern indicator since long time:( but not sucess
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Fxprotrader RuhailKhan
i don't know anything about this mate, so i can't help.. But all these automatic patterns and systems do nothing but blowing accounts. Educate yourself, study structure and all these patterns will be in your brain :)
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Do you think pullbak up until 1332.00 for sell again??
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Fxprotrader BrayanRush
Yes, price might retrace but to that level. If it retrace in a corrections i am selling the end of the correction
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BrayanRush Fxprotrader
Ok thanx I check it ! :)
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awesome but why you were waiting for a deeper correction?
" i didn't join the ride as i was waiting a deeper correction"
thank you
+1 Reply
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