lyl89

XAUUSD - Daily Outlook

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
As indicated on the daily chart , we can see a triple top for gold .
A bearish hammer was even formed at the end of Friday.

There is a higher probability of going short, but we have to observe tomorrow's candle before considering to short.
Short targets are marked out.

If gold breaks above 1300, I will be looking to long.

Let's observe first.
Aug 22
Trade active: Still unable to break resistance, I think we can short now.
Aim for first retracement @ 38.2%.

Comments

Nice and clean! Beautiful Naked charting. I am go very long! Now that did broke out when retrace which levels are you looking to buy? 1, 300 or lower? Thanks! By the way the Golden Cross just happend in the montly chart! (50 ema and 200 ema)
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