This pattern i would like to see in Gold.I short gold more around this
It should form small triangle to drop in next session
if it breaks red line will cut small loss and find to sell again on top
SELL-GOLD
XAUUSD NEW UPDATEFOREXCOM:XAUUSD
I EXPECT THAT IT WOULD BE STRAIGHT FALL THIS WEEK. LETS SEE
GOODLUCK !
USDCAD shortUSDCAD is currently pushing price up to form an M reversal pattern near my zone. The first leg has already formed in 1HR and now the second leg of the pattern is forming. (Double top).
- price is also respecting the 50ema dynamic support in the 1HR time frame
How I will be entering:
- I will be waiting for this current bullish candle to close and possible wick out or price to get near the first leg.
- I will wait for a nice bodied bear candle upon which I will enter.
Sell Gold and sell limit in zoneAfter buy idea and stop out .
Gold can't break up now retest and time for Short.
Risk is red line
Sell gold , Close price is lower than 1530 zoneI just wake up and check close price it is lower than 1530 zone
and clear for sell on rally
from it break zone and Double top formation.
Now 1527
we should wait till market open and see if can not back to 1530+
we will sell on rally
( if open and back to 1530+ , This idea will be invalid )
TP 1523
TP 1516
TP 1504 or lower must check chart if hit there again
Invalid if price can back upper than 1532 zone
Price, it should drop as follow arrow.
we only move and be caution on every step
because Gold can reversal in 3 zone and back to North.
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Zone 1523 , 1516 , 1504 for Reversal
Only follow Market .
Watch 1511-1515 zone , Gold may fly or drop Left : finish ret. and ready to fly
Right : up to 1511-1515 and drop to 1480 ( ret. again )
*** As USDJPY drop pls trade with more careful
I scalp in buy and wait for more confirmation too.
***
After Deep ret. Gold should drop againSell and set sell limit
Gold should drop 1516 and back to zone
we will sell more after that again
detail in chart
invalid if Gold break green line.
Gold Sell and set sell limit in Zone I sell gold again as chart.
risk 50 pips
TP open or partial close and I mark in chart.
Update Sell Gold end of weekGold show breakout down and now up to retest near trendline again
*** if price still below this zone
It will show sell signal and can hold sell position to next week
with positive swap .
Risk around 50 pips
TP open.
Bad case : if price more than 1508 will check close price again
if close price more than that will invalid.
Gold will move on to 1600.
In retractment Gold always swing must calculate suitable position.
to protect yr risk.
^^
Sell Gold again**** High risk too **** ( Counter trend )
risk 50 pips
*** or wait to sell zone again and sell.
Not recommend to entry if you can not accept Loss.
