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Goldforecast

Gold: no sign of mean reversal at the mean timeWe have achieved our goal to 1753 from 1878. Further downside looks more likely than upside. Gold recently broke out of new 1hr timeframe uptrend having triple touch at the top of the trend which is likely to lead to the new trend expansion. Downside targets first at 1722 and second at 1670-80s. Gold need to trade above 1700 for hope back to 1878 to yearly high to be on the card. Failure to do so to limit upside potentials. Break below 1700
FX:XAUUSDShort
by Metalixt
Gold (XAUUSD) Analysis and Trade IdeaPrice has swept the low for LQ, and now pulling back for a correction, as expected. The noteworthy point to make is, it took out a demand zone in the process. Now, price is pulling back to the supply zone that broke the demand. It is a potential "demand2supply flip." I love these. I am looking for a sell setup as price enters the supply. No setup, no trade. Price could potentially go for a deeper pullback, breaking the supply zone . So, I will only take the short after confirmations. The target will be the low of the pullback, and further down to the blue line.
FOREXCOM:XAUUSDShort
by RT_Money