Gold Spot / U.S. Dollar
Long
Updated

XAU/USD (GOLD) LOOKING FOR A LONG POSITION - FIBO 0.5

169
XAU/USD (GOLD) LOOKING FOR A LONG POSITION - FIBO 0.5

In the previous idea, i mentioned H4 Candlestick Pattern shows us a POSSIBLE LONG (BULL RUN) to 1738~1740 (in the comment)
Now we can expect XAU will have a sudden drop to 1718 (at fibo 0.5) for BIG BOYS defend their BUYING ORDERS.

Note
REMIND: I will only enter A LONG POSITION when price have SUDDEN DROP
Note
BEARS will try to push the price down again, so pay attentionn to find a good entry !!!
Trade active
XAU/USD (GOLD) - SIDEWAY - SCALPING


50% SHORT POSITION left. Moved STOPLOSS to 1728
Trade closed: stop reached
HIT STOPLOSS at 1715 !!!

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.