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jackmyattFX
Jul 26, 2016 3:17 PM

MORE GOLD SHORTS Short

FX:XAUUSD240
Gold/U.S. DollarFXCM

Description

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-I THINK YOU CAN SEE WHY IM TRADING THIS SHORT
-YOUR CHOICE IS WHERE TO JUMP IN
-WAIT FOR THE BREAK OF THE FIB 0.382 LINE OR A SMALL TRENDLINE ON THE HOURLY TIMEFRAME
-GOLD SHORTS HAVE BEEN GREAT RECENTLY
-IM SEEING CONTINUATION
-BREAK RETEST AND DOWN

Comment

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Gold
Comments
bhayman
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jackmyattFX
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trendlines are support and resistance levels....there "areas" not exact lines :)
jackmyattFX
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trendlines are support and resistance levels....there "areas" not exact lines :)


bhayman
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This is why I don't use trendlines; too much subjectivity.
erillmann96
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Maybe a wider stop since GOLD is so choppy and 1263-1265 target at Daily support!

Great analysis.
jackmyattFX
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Im not in yet bro off this analysis... Ive been short for a while if you follow my other analysis ideas :)
jackmyattFX
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Im not in yet bro off this analysis... Ive been short for a while if you follow my other analysis ideas :)
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