mytrade1602

My future view of the gold

mytrade1602 Actualizado   
FX:XAUUSD   Oro al contado/Dólar estadounidense
9
The fall of gold is hard, it will go back to 1200 area. 1210 might not hold.
Here is my view of the gold.
Comentarios:
Short from 1226 or now. Then short from 1216 again to 1206.
1244---->1232--->1236
---->1222--->1226
--->1212--->1216
--->1202
---->1220
Comentarios:
If the top resistance line is broken, this trade will be invalidated.
Orden cancelada:
I see that in 5min chart, the price has moved out of the upper line of the downtrend. But I still believe that after a retrace, the price will be hammered down again. Retrace 1226~1230
Operación activa:
30 Min still looks good. The trade is active.
Comentarios:
Gold goes up again, not sure if the area 1225~1229 can hold. Let's see.
Comentarios:
Just be careful, 1220 might hold. if so, it might retest 1240 again, then downtrend. See the 4 hours chart, in the 1220 area, how the manipulator played us.
Orden cancelada:
Since the line moved out of the channel, I will cancel this trade. We need to observe the key area 1230, 1220. If 1230 breaking up, re-test 1240(and possible 1250) and then dive again. If breaking down 1220, downward.
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