In my previous idea, I shorted at 1250 level, sell order 1 is protected.
Gold is under pressure of cloud now, it is expected to breakout upward trend line and drop deeper after a little bit consilidation. First major target at 1180
See image ...
1.TK cross out of cloud
2.Price broken outside of cloud
3.Future kumo trending up
4.Lagging span breakout cloud
5.Downward trend line break
6.Inverted Head & Shoulder neck line breakout
Recommandation: Buy the dip
1. when price retrace to neckline around 1.1043
2. when price retrace to kijun-sen around 1.1030
SL at 1.0983, Target 1.1119, 1.1169, 1.1218, 1.1378