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Gold-short

xagusd Gold is a big sell for next 5 Years ?Look left structure leave clues. i think for next some year 4 to 5-year gold will be in bearish or you can say I am insane or something wrong with me only time will tell. fingers cross. I think there is a very high probability of gold to be bearish because if you compare this rally with previous years it is very short and has a very huge start of corrections maybe I'm wrong I don't know what the hell will happen in the coming years for gold to go down. i strongly believe that structure is showing me bearish i will go with structure.
TVC:GOLD
by Hamza-Malik
4
Gold to soften before FOMC AnnouncementAt the current trajectory of the market, the price favors USD before FOMC in hopes of the dovish words 'tapering' to proceed. We've seen the market shift into a risk-off mode where funds have run to the yen as a safe haven. As for gold, I see an opportunity for bulls to reverse as high-impact news hits the floor. Gold has currently hit a resistance point with a nice pinbar forming on H1 Timeframe. A double top formation at this key level will determine my expectation of price to proceed downwards. Sell XAU 1777.15 SL 1782.00 TP1: 1767.10 TP2: 1761.10 TP3: 1745.10 Confluence Details: 1. Rejection off resistance key level at 1777.00 2. Bearish Fakeout Pattern in motion 3. H4 0.5 Fib Retracement level 4. H4 1.414 Fib Extension Level 5. Double Top at 1777 needs to form in order for trade to be valid (I won't enter without this) Also bear in mind, the market has the potential to form a LL at 1767.10 and extend higher if there is enough buying pressure. Taking all profits at this is the safest option. Other than that, Happy Trading FOMC!
OANDA:XAUUSDShort
by Altconomist
2