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OwenMohd
Jan 21, 2020 10:40 AM

Gold end-Jan 2020 (Mid-Term Correction) 

Gold/U.S. DollarFXCM

Description

There's a decent setup to build short positions from 1574 to 1580.

Its taking awhile for daily correction to kick in because there's a mini uptrend wave that needs to complete before correction.

Comment

New short zone: 1579-86

Trade active

New pattern may have formed. Bears have been hammering daily support for too long so bear correction may have already started. Shorted here at 60-65
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