GOLD - Try to finding an entry for intraday short - SHARK

After the invadilation of the previous pattern (related idea) let's see if this SHARK will work.

We are very close to the entry point at 1505.04

But we have to consider the montly close candle of today, so be carefull with shorts.

Trade what you see. Not what you think.

Trade active:

The entry was touched but we have to pay attention at the 1.13 extention of XC, signed here.

Comment:

Trade active:

I'm not really quiet for a reversal until doesn't break down this trendline.

Trade active:

Anyway at this level we could see hopefully a retest at least at the bottom red trendline.

Comment:

Bad feelings...

Trade active:

I don't like so much the strenght of reaction at that level at 15 min chart, but we have to see how will close the 1hr candle in the next 15 min.

Comment:

hourly candle has closed under the sell limit: 88% (D point), with an hangin man, but I still have a bad feeling. We have to wait for another hour to see how will be, but in the hour we could see a ride upward.

Comment:

That's what I feared for the structure that was forming. Now we need to see the 4-hour candle.

Comment:

Trendline resists, rejection in 5min chart. Could we go lower?

Comment:

another hour has passed and the bad feeling remains, we still looking for the 4hr candle close.

Comment:

I'm planning to close position when (if) back in small profit (green area).
The price looks like doesn't wanna reverse in bearish movement.

Comment:

We may will stopped within the next 15 / 20 min. in that case we will look for the next entry at the closing of the bigger Shark around 1512

Trade active:

4hr candle has close precisely at 100% of full retracement, we stil alive. Could we see a small bump down here?

Trade closed: stop reached:

Stopped.