Short

re-short

Updated

i believe here is a great opportunity for shorting xau
what do you think ?

Trade active

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Beware of Fake breakouts and please wait for triangle to get break on any side follow upcoming news to detect the right direction

Trade active

here we go look at the
US Unemployment Claims :)

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Triple top on the strongest trendline resistance what does it say to you ?

Trade active

first TP 1938

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Gold Trades Lower Early as Key US Inflation Measure Rose in July - MT Newswire
i'm lovin it

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good morning
well at first i have to say that non of my publishes here are financial advices and if you're a real-account trader you should know that you have to research by your own and make the correct decision and of course take the responsibility of your profits or losses.
so back to the analyze
as i mentioned in several updates here it was so clear that price will reject from that such a strong resistance and price action confirm that with a triple top pattern which indicates a bearish trend reversal but how far will gold run in down-trend ?
i believe by the fed's decision to pausing the rate hike this bearish rally will continue maybe to 20 September when FOMC next statement and Powel speech arrives.
by technical view price can retest the magical trend line which i posts several articles about it .
this trend may retest in 1905 area up to that time so if you opened short positions you should know that you may face a range market too , so as i always say PATIENCE IS THE KEY to achieving every good result .

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i just add 2 units to my previous short position , new entry 1944.14

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re-entry opportunity

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if price reach to 1945.5-1946 i will double my total position size in short position

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Trade active

please share your opinions it's so valuable for me

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price just broken the midline of ascending channel and 1st target should be the bottom line of the channel , what do you think ?

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the bottom support of the channel has been touched as mentioned in last update !

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be careful , manage your trades and be patients

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this is what price action does , believe in it and trust it
i will close this trade soon and start the different side
BUY to ATH

mohammadhassanli

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