mytrade1602

Possible gold movement, 1338 is the key

mytrade1602 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Here is the my idea about the gold movement. 1338 is the key.
Comment:
1338~1344 area is the key.
Comment:
Two key area:
1. 1338~1344
I would like to short from here to 1318~1322 area for the first time.

2. 1318~1322
If a long pin formed from 1318~1322, long to 1380. If breaks down, short to 1298~1302.

Long from 1298~1302.
Comment:
Watch 1332, it might go up to 1341. 1346(0.382) is reachable, short from here.
Comment:
seems that 1341 is the top, once 1328 is broken, ABCD to 1300.
There might be a bounce from 1318 to 1328, then down.
Comment:
Retrace to 1328~1332 then come down to 1308.
Comment:
Retrace to 1322 and down again.
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.