Be careful, protect sour profit, cut your loss.
This is an EU long trade till Xmas... in my plan. Reasons on the chart: - Pitchfork - Monthly Camarilla (S3 dont touch but may work - long singal) - Forming inverted H&S or C&H pattern (if it breakout headline go more higher)
Monthly resistance with pivot stopped golden rise. In my opinion shark is still in the golden lake.
My target on gold is 1382, but what is the way to this target is a mystery, and it may go more lower.
I expect more lower gold price. Target is about 1382.
There is a room to go more lower. Gold is on the no man's land.
Midterm short, but long term long could be a good decision.
This is not always the case unfortunately but we have seen a beautiful monthly Camarilla level trading this month.
Dear traders, On this weekend I collected those cases where fell gold a lot on intraday. I wanted to see what happened after big falls. These cases confirm that gold price rather going to fall than go up. I advice look at my previous ideas, because I think gold is in correction phase. It turned down from yearly Camarilla long breakout level (Y-R4) and it seem...
Based on my previous analysis, I decided to open my short order today.