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MR_XAU
Apr 4, 2018 12:26 AM

Gold short 

Gold/U.S. DollarFXCM

Description

if price breaks out of 1328.86 its going to drop heavy down to 1310 possibly. 1328.86 was a danger zone.

How ever my first my first take profit zone is 1321.82
because there is a gap there you can't see it on the chart but I can see it on my meta trader platform. once price breaks that zone 1321.82 will probably push a little lower to 1316.97 if you look on the left hand side that was a huge fake out zone for buyers 2-14-2018 that long wick shot up 130 pips.

Anything lower than 1316.97 is a danger zone.!

Price can come down and form the right side leg of that M thus a bullish flag will be created and push price up towards 1316 1320 areas.
Comments
Trillznation
Thanks for this analysis #XAUGOD
Question, what's your definition of a "Danger Zone"
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