Laz
Short

GOLD - short at swing resistance

FX:XAUUSD   Gold/U.S. Dollar
88 2 0
Sell entry at resistance marked by prior swing lows which coincides with 0.382 fibo level of the last down leg...
Jamil Ahmed
2 years ago
1294 maximum down wave and move up 1380 target
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isomorph
2 years ago
considering the news coming out tomorrow monday at 0830 EST, it could go either way. ie the technical picture is not giving us a forecast probability better than 50%. in other words, gold might jump to the 61.8% fib or higher as much as it could drop to the next support level. i'll play it with bracket buy and sell stop orders and let the one that got triggered run until price reverses to initiate a position in the opposite direction if we get a headfake. otherwise, if gold just goes in a straight line, then just go with that impulse move until exhaustion and call it a day.
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