Fxprotrader
Short

Gold What A Trade That Would Be..!

FX:XAUUSD   Gold / U.S. Dollar
1156 11 45
After a rally price in gold             is has already formed a shoulder and the head of a pending H&S pattern. If price reverses and climbs once again till the level of the left shoulder we should watch a sell setup to complete. This trade is what we call a big fish! It offers tremendous risk/reward ratio with more than one opportunities if we have that massive drop..

So be patient and keep a closer eye to gold             ..
Comment: Price has reached at the left shoulder level. We should keep a closer eye, for a sell setup to complete
Comment: Breaking below this wedge pattern we will possibly have the begining of a big downmove.
snapshot
Agree. 1260+ levels retracement is due for a longer term fall to 1180 levels being conservative. Booking profits at 1200 on the way down is a must,never know if that psych. level will hold again. Should be an interesting June for gold!!
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Fxprotrader justatrader
Absolutely..!
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Good but watch 1245-48, if not crossing early bearish signal.
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Thank you..
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waiting for it mmm!!
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That will be a good one..
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very, very good!))
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Thank you Igor..!
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1150~1160 should be a strong support. 61.8% retracement.
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Hi bro, what kind sell setup do you expect once price hit the level?. It is now already hit sell level target.
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Trade ACTIVE !! I put a sell order we are 80 pips already with us
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