SignalSwiss
Short

$GOLD ($XAUUSD): Bearish Trend intact!

FX:XAUUSD   Gold Spot / U.S. Dollar
591 6 16
No reason to change my mind, as long as the price remains below 1,215 area, the trend remains bearish .
At the time, the "KEY SWING" (see chart below) we assumed, appears to be correct, then our view is for a continuation of the short position.
Let us always remember that the analysis is modeled on weekly.


OUR STRATEGY PLAN (R/R 1:2)
Short below 1.215 with the target area in 1150 and stop loss above 1,215 area (stop tactical above "C" point for scalper)

KEY SWING
(Click & Play Chart)

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UPDATE (European Session): STOP on Breakeven.
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+3 Reply
Same view here:
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AND
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3 more weeks in May and why not more selling-Poor USD index did not help-Beginning of next week, gold could get some bid after the chinese cut rates again=higher prices to sell and target remains between 1150 - 1160
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I believe 1155 area can become really bullish.
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Yahia.Awes Yahia.Awes
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