Gold Has Shown signal for Short....
Updated
Gold (XAUUSD) has Show signal for short
Take a look at this chart. Price made a fake broke of key level $1307.66. H1 close under it.
Also, that level is under that huge Range where big players accumulated their position. I think that can start a strong move down.
I opened Sell at $1305.12
S/L: $1310.25
T/P: $1265
If the price will move down that will be R: R — 1:5 or higher.
Look for buy ONLY if the price will break up $1310 and H4 -D1 close upper it. Only if candle close u will be able to open buy.
Take a look at this chart. Price made a fake broke of key level $1307.66. H1 close under it.
Also, that level is under that huge Range where big players accumulated their position. I think that can start a strong move down.
I opened Sell at $1305.12
S/L: $1310.25
T/P: $1265
If the price will move down that will be R: R — 1:5 or higher.
Look for buy ONLY if the price will break up $1310 and H4 -D1 close upper it. Only if candle close u will be able to open buy.
Trade active
First 60 pips Done!Trade active
Price moved 220 pipsNote
On Monday Gold mostly quietNote
Price close under key level $1282 that was 3 week low. It is a good signal for continuing of the trend. Note
Proce broke down 2-days low. Down move is going to continue. If opend Sell at $1305 it is better to hold it
Trade active
Price moved 350 pips in our direction. You can close 50% of position.Trade closed: target reached
Price achieved T/P. If you Still hold a position you can close 50% of position because price can move down to key buy level $1236.Trade closed manually
Closed manually at $1266.58I took 385 pips of profit
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