TradeApe
Short

Gold Short Term Outlook

FX:XAUUSD   Gold/U.S. Dollar
81 1 3
Well, yesterday my short term bias was long, but never materialised today. Never entered a trade today and that weird spike up just didn't seem "right". Overall, DI- dominated which suggest the bears have been in charge. Will probably bump into 1200 a few more times before taking off.

Interesting "fake spike" down this afternoon...guess a lot of people throught it was a breakout. I missed it, so got lucky...would have likely hopped in :/

My line in the sand (LITS) has now shifted to 1203.5. Above only longs, below only shorts. Basically, I'm now only after shorting opportunities.

One thing to note: If you check out my H4 analysis, you will see the run at 1225 seems to have failed and price is now BELOW the H4 cloud. That's a pretty strong bearish signal.
TradeApe PRO
2 years ago
Even the news couldn't mess with my bias :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out