Possible short movement in gold Short

Gold/U.S. DollarFXCM

Description

⋅ Mar 10, 2015 1:21 PM

Just in the case that price breaks down below 1128. It could reach the 800's zone giving a complete 5 waves movement since september 2011 ...

Comments

skhosl02

⋅ Jul 16, 2015 12:44 PM

@VRShaiju this is coming true

aibek

⋅ Mar 10, 2015 2:01 PM

Hello! Today at 1155 was shy touch of 61.8% Fibo retracement! If it breaks below then 1117 is the next around the level that you gave.
Buy dips there as RSI shows divergence.
Tight stop would help if any.
Thanks for fresh idea view!
Aibek

aibek

⋅ Mar 10, 2015 2:01 PM

VRShaiju

⋅ Mar 10, 2015 2:10 PM

This is the wedge I am talking about for bounce. Expect a bounce from here. We may see 1256 if we found support and close above 1167

aibek

⋅ Mar 10, 2015 2:30 PM

Thanks for sharing, but due to rocketing us dollar will watch 1100 for buy
tradingview.com/v/JRcUDYD8/

VRShaiju

⋅ Mar 10, 2015 1:46 PM

We reach there but not this time. Probably we should see 1780 before seeing 780 bottom. Gold is not in bull market any way.