GOLD 4H SHORT IDEA Short

Gold/U.S. DollarFXCM

Description

⋅ Jun 12, 2014 9:38 AM

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

Comments

ChrisBaron

⋅ Jun 12, 2014 9:46 AM

I agree with your 1275 zone, however I also see resistance at 1265 so I'm also watching for bearish PA around here! :)

ali.se.18

⋅ Jun 12, 2014 1:55 PM

Yeah I was looking for strong resistance at 1266 too. If we look at longterm weekly downtrend it would support the 1266 area.

tradingview.com/v/YG5XoCkj/

teejay1

⋅ Jun 12, 2014 2:00 PM

1268-1277 is the previous broken support, Gold is found of re-test of broken support. Therefore, watch-out for a short signal there...

teejay1

⋅ Jun 12, 2014 9:55 AM

Looks more like it...