Nshan

XAUUSD/ Can't find a reason to Long this Pair

Short
Nshan Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
16
Dears, i am publishing this one because too many asking if they can long Gold, and too many asking why i am in short since everyone are Longing.
1st, i need you all to know that no one can predict the market 100%, but every single one of us can predict an awesome idea and share with the world. Please note that this is not a signal to enter this trade, but it's a logic idea since i can't find any reason to go for long.
As you see, the price was rejected by the power of Fibo 0.618%, and retested the trend line also.
On the long run, i believe Gold gonna drop so hard testing 650 before flying again and reaches new highs.
This chart explains everything very clearly.
I only will go for long and it's "WHEN PRICE BREAKS OUT THE TREND LINE AND PULLS BACK".
Hope you enjoyed this one and already in profit from my old published charts of Gold.
Cheers, keep the good work, don't hesitate to ask, everyone should ask everyone to be able to reach their destination safely.

Your Lovely Brother/Friend
Nshan Vartanian


Comment:
change in plans.
please close all shorts, keep 1 with SL to Entry level.
longs are going to take control soon, i think so.
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