Theto_Morifi

Gold Short Trade Idea

Short
Theto_Morifi Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Amazing structure in the making with gold. It has been a while since I have seen such a lengthy correction. Nonetheless, it only means one
great thing, that the market is gearing up for a strong move sometime in the near future. I hope we will all be ready for it.
WXYXZ correction structure forming. I am lookign to capitalise on the C leg that'll give the end to the WXYXZ structure. We are currently
within an expanding triangle, and it appears all the valid ratios have been respected. Let me know what your views on gold are for the remainder
of Feb, it would be great to learn a few things from some gold gurus.

Have a blessed trading week ahead.


Targets:

-1728.000
-1712.300
-1680.400

Comment:

Development thus far. Observing for a symmetrical triangle. I will only enter with sufficient confirmation by show of breakout and retest of the pattern.
Trade active:

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