Continuing from last week's plan, I expect gold to drop down.
There will be some risky buy opportunities but overall the price should be headed towards the fall out area.
When market opens look for a nice spike in prices or just do a buy stop at 1895 if you want to have a lower risk.
Look at my last week trading plan on gold as well.
LOOKS LIKE A PERFECT HEAD AND SHOULDER IS FORMING AT A MINI ZONE.
SUNDAY NIGHT - LOOK FOR A NICE SELL POSITION BUT NOT TOO BIG OF A LOT,
PUT IN SELL STOPS
THIS WEEK HAS A POTENTIAL TO BREAK SUPPORT AND START A STRONG DOWN TREND.
PERFECT ENTRY IS AT THE TOP OF THE SECOND SHOULDER
SAFE ENTRY IS AT THE BOTTOM
LAST GOOD TIME TO POTENTIALLY "SELL HIGH" EXPECTING GOLD TO START DIVING DOWN, BOTH EUR/USD AND XAU/USD HAVE BEEN STUCK IN A STRONG DOWN CHANNEL. BEST LEVEL TO BUY FOR A WEEKLY GAIN.
PERFECT ENTRY IS TO WAIT FOR SMALL SPIKE AS MARKET OPENS AND THEN SHORT.
THE DOLLAR HAS GAINED MOMENTUM, EVEN WITHOUT IT, USD/ZAR HAS BEEN HISTORICALLY BULLISH. EXPECTING BIG GAINS AFTER FINDING SUPPORT AND FORMING A DOUBLE BOTTOM MULTIPLE TIMES. TP1 IS EXPECTED AND TP2 WILL COME FOR THOSE WHO HOLD
Looking for Early Entry for small SL and large TP
Waiting on Double Top from marked resistance, due to me not expecting a breakout beyond 1935.
Riding the Short all the way out will most likely come in trade after confirmation on Sunday night/ Monday morning