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Shortgold

Gold prepared for another bearish tumbleGold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to the downside. Price is now on the short side of the trendline. I will look for shorts near the weekly resistance for a 4H lower high. or a complete retest of the major 38% where the daily was rejected. Targets for shorts are -27%. extended target at -61%.
OANDA:XAUUSDShort
by DesharedPierreJr.
Catching the breakout in US dollar, finally, triggered NAS/GoldIn this video, part 2 of the day's NY trading, NAS and Gold were triggered. Should be one or the other but for demonstration purposes, both were taken. Thankfully both are at breakeven. However, it's not been the kind of day that we would have hoped for. Really choppy out there as has been the entire week - horrible conditions despite catching some good high-quality setups and positive outcomes. Anyway, we have had all of the catalysts that were on offer today with the UMich December US prelim consumer sentiment 66.4 vs 65.0 expected that should have been immediately positive for the US dollar, Instead, there was a barroom brawl that came of it before the final break out in the US Dollar for fresh highs on the day. This triggered the NAS and Gold shorts. Tareggted daily ATRs on both. However, we are now in the corrective territory and will not be surprised if breakeven stops are triggered, considering the current conditions of the market - horribly choppy!!
TVC:DXYShort
by Ross-J-Burland