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mytrade1602
Dec 11, 2016 12:58 PM

Next week gold trade before fomc Short

Gold/U.S. DollarFXCM

Description

ABCD and the bottom edge of the bearish channel. Suggest to short in the range 1164 ~1172 to 1148 and take your profit. For fomc, gold might touch 1133 or lower and go up for retrace or reversal.

Comment

Seems that it's going to reach 1148 directly.

Comment

in 5 min chart, gap at 1159, short from there

Comment

sorry, 1 min chart

Comment

If you short from 1159~1160, better take your profit around 1153. There might be another wave up to 1166

Trade closed manually

See the pattern bearish bat, the price can go up to 117x
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