GOLD Daily 2618 Trade 20160905

GOLD Daily 2618 Trade

After the NFP, Gold rallyed from the AB=CD
completion Point.

Now I am waiting for Gold to test 1347.28
and wait for the price action to short from that level.

So guys, Mark this horizontal Line at 1347.28
and let's turn on our radar.

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GETTING CLOSER.

Trade active:

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Price Falls to 1341.

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Price fall to 1320, win 270 pips
Now is good time to take some profit
and find the pull back to short again

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Now is 1311, 360 pips gain.
remember to take partial profit!

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FOMC MEETING THIS WEEK
Remember to Take some Profit and make Sl to break even for our short position.
as we dun know whether 1300 will be strong support or not.
dun open new trade before the FOMC meeting.
Trade after the news.

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FOMC MEETING PUSH GOLD HIGHER, BUT FACING 0.618 RESISTANCE AGAIN

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Now is 1286, nice short

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Don't forget to take some profit, turn it into real profit!

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I won't buy gold untill it touch the cypher completion.
i may keep my short position to that point. (risk free trade now )

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