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Bandarsq
10 de Sep. de 2016 23:46

Midterm Sell Setup Corto

Gold/U.S. DollarFXCM

Descripción

XAUUSD has a clear RSI Bearish Divergence on 3-Day chart. I will keep an eye on the uptrend to short the breakout.

This trade is suitable for a midterm position trader.

Cheers!

Comentarios

Here is first Fibo level which I expect Gold will visit once green channel is broken.

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It's possible that Gold is in wave Y of WXY EW pattern.

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Possible H&S

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The main trend is not too far.

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Well done bears. Congrats! on the breakout.

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Weekly Line Chart has a clear breakout.

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I think Gold just formed another lower high.

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Bears waste no time. Yesterday drop surprised everyone. I honestly had thought the drop wouldn't have been this sharp.

Target 1 hit. Next is 1240.

Operación cerrada: objetivo alcanzado

Target 2 reached. Thanks for visiting :)
Comentarios
archer08
Nice job!
Pandorra
Excellently done!
Bandarsq
Thanks.
Nightstar
Nicely done, but let's be honest Bandarsq.. The only reason you're banking on this trade (so far) is because the bullion banks are manipulating Gold to their advantage :)

thedailyeconomist.com/2016/10/london-dumps-1000-tons-worth-of-gold.html?m=1
avento
I thought that Gold has dropped because of a stronger Dollar which almost returned to its post-Brexit (July) levels.
Bandarsq
You can say the same thing about Brexit.

Nightstar
How so? Everyone thought Brexit was never gonna happen and shorted Gold instead! Why do you think the Banks are manipulating the Metals right now as we speak? To get out of their shorts of course!! Sneaky buggers, Lol!
Bandarsq
I simply follow the chart :)
Nightstar
Good on you..
Let's see if Gold actually makes to $1200. That should be interesting.
VRShaiju
Almost..! Will discuss in closed door
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