tntsunrise
Short

GOLD 4H SHORT IDEA

FX:XAUUSD   Gold Spot / U.S. Dollar
279 4 14
THIS STRUCTURE TO ME
IS VERY BEARISH
I will short at 1275 area
stop above 1285
Once the lower edge is broken
Confirmed a bearish Trend
continue
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1268-1277 is the previous broken support, Gold is found of re-test of broken support. Therefore, watch-out for a short signal there...
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Looks more like it...
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I agree with your 1275 zone, however I also see resistance at 1265 so I'm also watching for bearish PA around here! :)
+1 Reply
ali.se.18 ChrisBaron
Yeah I was looking for strong resistance at 1266 too. If we look at longterm weekly downtrend it would support the 1266 area.

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