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Gold Spot / U.S. Dollar
Short

GOLD: One More Wave Down?

By VasilyTrader
Updated
snapshot

after gold set lower high on 4h and dropped to a demand zone 1523 -1527,
for me, it was enough to look for a short trade on 4H.

I am paying close attention to an orange demand zone and wait for a bearish breakout of it
to short.
if breakout condition is met,
we can execute the trade:
T1 - 1512
T2 - 1500


IF the market respects the support and sets new higher high, higher close, the setup will be invalid.
Comment
Bulls were rejected one more time!
Very good signal for all who short :)
Chart PatternsCommoditiesForexfuturesGoldMetalsoptionssignalTechnical AnalysistradingTrend AnalysisWave Analysis
VasilyTrader
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