We got a very interesting situation with gold, the price made a new 7 years high, however, the volume did not follow, also the difference between future and gold spot is around $30. The gold may reach 1900 even higher, but before that, I think it needs to have a deep retracement, at least to reach 1500 first. I dont know if it will come to true, but I am waiting to short gold.
For the tech analysis, M chart reached the S/D points, and a top trendline gives the pressure to the price, before the short, we have to wait for more confirmation.
For the tech analysis, M chart reached the S/D points, and a top trendline gives the pressure to the price, before the short, we have to wait for more confirmation.
Comment:
Waiting for the third time test of the blue trendline, that will be the time to take short order, otherwise, no short trade.
Comment:
Time is coming! Wait for the hourly close
Comment:
Be patient for another 4-5 hours to jump into the trade
Comment:
Gold tried so many times to move down but all failed, be careful another rally may come. Short when price retests the blue trendline. Cause there is no S/D point, we have to wait for a clear point appears
Order cancelled:
The blue trendline expired, this post doesnt work anymore, so wait for the next chance.
