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Sellgold

Exploring gold shorts trades.In this trade idea I am going to be exploring the idea of taking shorts on golds for the following reasons. 1. Gold broke out of the up trend. 2. Gold then created a double top pattern. 3. Has rejected the 1902 resistance level multiple times. 4. Price should then continue to the down side in order to fill in the target wicks. 5.Gold is also very bearish on the higher time frames. I may be waiting for gold to close below the support at 1870 and once we can break that support level I may be waiting for price to drive below, come back and retest the old support as the new resistance before I enter the trade.
OANDA:XAUUSDShort
by FFF_Trader
1
Short XAU/USDI feel like I'm posting the same analysis all over again. The market has been soooo slow this week, although still in line with previous post. I just want to reassure that bias is still bearish in favour of dollar strength. EUR/USD had a major collapse and still going -> refer to my monthly analysis posted a couple weeks back. XAU/USD has been holding on for its dear life, I feel like inevitable collapse is pending, with a guaranteed TP at 1700, and a potential for a much bigger move. I could be wrong. What are your views?
FOREXCOM:XAUUSDShort
by Katherineszew
10