Time to Kill the Golden Dragon Sell Range 2260-2300

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

trendanalysis waveanalysis harmonicpatterns

The gold has been flying on a 90° trajectory since the gap it created around 1840 , you must have heard that all wicks needs to be filled so does all the gaps that's just the Fact , Gold has come a long way from 1840 to 2260 , most of you might be thinking that now interest rate cuts are about to happen to it'll make sense that gold will go more high up but that's how Whales ( Market makers ) get you , earlier even i thought around 2150 that that's it and now it'll fill the gap but that's what most Market thought and boom they get in you sells and get you caught up force you to stop loss or make your account blow to smithers, just such moment is here now when all the market sellers are turning bullied and converted into bulls another boom is about to happen, the time is almost upon us just need a trigger could be the NFP this week , Good Luck don't get caught in buys now sell or sit out

Trade active:

Sold at 1960.7 at a 3% risk of my account , my account is 500k $ , I'll add up more if the wings of this dying dragon flutter a little more before the downfall

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Added short at 2285

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Added a big short position at 2302 , with the buying pressure fading away this looks like near top for now let's see how it moves now

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Patiently holding my trades added short at 2420 yesterday will hold for next few months

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Such swing trades totally depends on your account size and how much you trust your analysis yes they pumped it higher even when dxy was pumping up like crazy qnd that's when you can tell that market is manipulated to trap all buyers when all sellers loose hope and start buying they flip the switch again , gold will go up drop down eventually and then continue going up because that's how gold has been since the start always gaining value but buying at premiums is a stupid game for swings or long trades

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Initial was 2260 typo error of 1960

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Finally we are witnessing moves we were expecting let's see how it unfolds around 2300 support zone

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