GOLD ready for diving Short

Gold / U.S. DollarFOREX.com

Description

⋅ Jul 17, 2019 6:34 PM

GOLD become very expansive !!

Think as gold collector and for sure you will not buy more in this high price.

technical analysis:

double top in level 1440 couldn't break the high
Massive drop in MACD 4 Hr
RSI over bought
waiting ti break below triangle

Just easy to understand follow the A,B,C,D,

All the best and SL 1440

Trade active

⋅ Jul 19, 2019 5:29 AM

It have touch the major R at 1440.

My first trade close with loss. But it worth to re enter SL 40 pip

Lets see if its going to work ?

Trade active

⋅ Jul 29, 2019 5:34 PM

From the second trade 1440 manage your SL to ZERO entry

Trade closed: stop reached

⋅ Aug 5, 2019 5:39 PM

unfortunately and I will update if I found opportunity

Comments

MazenAlali

⋅ Jul 17, 2019 7:32 PM

WHAT ABOUT THE INTEREST RATE IN USA??
CUTTING THE INTEREST RATE CAN DELIVER THE GOLD TO 1480 TO 1500 .

sri2121

⋅ Aug 12, 2019 7:38 AM

All the technical indicators and trend lines previous highs are impressing common man thinking as Gold will be come down.. Still it doesn’t in return it moves high...why to swim against this trend..catch the dips

Bullandbeartrading

⋅ Jul 18, 2019 1:21 PM

Great analysis mate !