Gold-sell
GOLD 1Hr Scalping --SHORT--Entry only when the 1hr bar closes below the uptrend to follow the correction wave ABC pattern
GOLD D1 SELL my set up from this week until end of September.
pyramiding the gold on sell + positive swap rates.
million in September :)
Gold possible sell upon break of the reversal rising wedgeWeekly close as doji and now awaits if it will break the rising wedge for a short term sell to the expanding triangle trendline.
SELL GOlDgold broke the support area 1277/1285$ with a strong momentum, compare the down moves bars and percentage with the up moves and you will notice that gold go lower with strong momentum in less bars comparing with the up moves.
I expect this move will target 1250$
Gold we should Sell or Buy ?As this price , Gold have many way to go
Case 1.
If Gold can break two support
Gold can drop to 1266 - 1254 and Start to Long term Bullish.
Case 2.
If Gold Stay higher than 1276
Gold should rise again and try to break resistance around 1293
so we should see Gold more than 1300 again and Start to bullish.
How to Trade:
1. Simply way wait till meet sup or res and wait to confirm break or rebounce
2. Bet on that with tight s/l
I short around 1286.2 on last idea so overall I bias in Sell.
Short on XAUUSDTendecy => downwards
Fibonacci leve 50%
It's at resistance zone
High possibilities of reversal
Gold reaches the low of the year - Continuation?Gold plunges in less than a month to reach back the low of the year 1275.400. Prices are actually in a strong consolidation and heavy movements may occur.
Likely scenario : Bearish (SELL)
Next institutional Level : 1260.00
Setup - Sell @breakout of 1273.00 (Year's low) - Stop loss @1278.00 - Take profit @1261.50
