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Xauusdswing

GOLD - preparing short positionsGold has now formed an downtrend channel. Pattern is now clear. Already retested the upper band, creating a fake break. Now we expect price to drop at weekly support. Banks already closing some long and short positions, now we might see the building of their shorts. 10k shorts were closed , this week we can see also big volume of longs closing, by the big move down. We are short for some time on Gold, however on this pullback we will add more short positions. First target is lower band of channel, price 1525. On the shorter term 1540 is also a good closing pivot point. In our view, the fear of a recession is still valid. Dollar growing together with gold, indices at all time highs. Be prudent with the shorts on Gold, under Trump's presidency Gold will be still bullish.
FOREXCOM:XAUUSDShort
by TradingExpertGroup
XAUUSD NEUTRAL Watch OUT 1495 for LongHello to all watching my charts In XAUUSD we see an interesting situation. Either Gold climbs above 1495 at an end of 1 HR chart and we have a nice LONG chance Or it turns down like it does at the moment and than we are still Neutral in longer timeview but maybe we will get a shortchance on a rangetrade. I will explain that later it it happens. For now we have to wait until the next Bull run to 1495. and what happens there. Please watch them carefully. Good trades If you want to support my work please like them... and if you want to know more about my trading style please send my a boardmail. Renkotrade
FX:XAUUSD
by Renkotrade