XAUUSD: gold will not copy the pattern of the begining 0f 2016
Traders:
There is voices in the market that gold will copy the same pattern of movement from the end of 2015 to the begining of 2016.
We agree that gold will have a retracement from the bottom, but the question is how far can gold go? and where is the bottom?
This time, at the end of 2016, the week chart is not showing any sign of slow falling.
At least , it wont happen soon after Mr Trump officially served as president of the United States.
As the space of the wedge getting smaller and smaller, we can expect gold will drop faster and faster, meaning the strategy of short trade can benefit more from the process.
Anyway, Christmas is coming, wish you guys all Merry Christmas AND safe trade or better stop trading during the holiday. Because you can get more pips next year!
Less is more!
And Merry Christmas !
There is voices in the market that gold will copy the same pattern of movement from the end of 2015 to the begining of 2016.
We agree that gold will have a retracement from the bottom, but the question is how far can gold go? and where is the bottom?
This time, at the end of 2016, the week chart is not showing any sign of slow falling.
At least , it wont happen soon after Mr Trump officially served as president of the United States.
As the space of the wedge getting smaller and smaller, we can expect gold will drop faster and faster, meaning the strategy of short trade can benefit more from the process.
Anyway, Christmas is coming, wish you guys all Merry Christmas AND safe trade or better stop trading during the holiday. Because you can get more pips next year!
Less is more!
And Merry Christmas !
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Trade active:
short trade entry: 1140
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tp 1124-1126
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bear is not strong enough.
also bull.
also bull.
Trade closed manually:
SHORT TRADE CLOSE AT 1127
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long trade entry 1139
now $10
now $10
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long trade closed at now at 1149.6
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$17 now!
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tp 1171
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tp changed to 1205
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now, we sure that gold is making no higher but dropping from 1200.
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