Fxprotrader

Gold Pending Bearish Deep Crab Pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
570 6 12
Price is moving up in a rising channel into a corrective structure. A pending bearish deep crab pattern will be completed if price continues moving up. It D point forms into a key resistnace level giving us a great sell setup.
possiblity of gold..

+1 Reply
What you think of this ?

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Your three drive pattern looks good but i don't think it has great potential even if it retraces. A safe way to go short is to wait for the small support to break and then u can sell.
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Fxprotrader Fxprotrader
This is how price i believe will move.... But this only my opinion.. I hope it helps.. Good luck with your decision!
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FxSaint Fxprotrader
Thank you for your opinion.... I will watch it closely when price reaches 1107...
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No problem mate.. Good luck!
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