Gold Spot / U.S. Dollar
Short
Updated

XAU/USD Gold Headed South?

245
This is not trading or financial advice This is not a time dependent analysis
Trade active
Note
Short Active $1,505 and if you're ready for some action it's coming very soon in the next days...
Note
Yes, gold is bull for today on futures price I do expect 1511 or higher before a pullback. barchart.com/futures/quotes/GC*0/futures-prices
Note
I am aware short term risk remains tilted to the downside trendline support and confluence is @ $1465. A breach from $1451 will expose to more downside. A break to the topside above $1524 yields $1558 on the table. Also a key 61.8% retracement off the 2011 record high @ $1586.
Trade active
Note
Hammer time
Note
Impulse wave spotted
Note
Things don't look so bad now for the gold short =)
Trade closed: target reached
Short Trade Closed $1466 Please Refer To Newest Ideas on Gold. Here's a nugget for everybody -- IF it's below $1,400 It's a no brainer buy. Long Term Gold will test $1,600+
XAU/USD GOLD Day Trade Part 3

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.