asman86

asman86

I'm looking at the 4H time frame. in my opinion gold is still valid for short. Have a look at the candle it has make bearish engulfing candle and now market is retesting 1780. If the price close below 1780, i'll look for short on sell zone but if the price is close higher then 1780 then this idea is no longer valid...

asman86

After seeing the portantial of short gold now making a pull back to 1776.50. now its time to short again.

asman86

I have been talking about gold on Monday and I am only focusing on gold on my trade. For this 15M idea it looks like the gold has make a pullback after hitting the 1750 and ranging on 1760-1762. As I mention yesterday gold already hit my tp on 1761 and we going wait if its able to make support on 1757.40 after that gold maybe will go deeper to 1730.

asman86

I have make an idea yesterday that the gold is going bearish if its able to breakout from 1760.85 resistance on H4, but yet its still ranging and no big movement as I expected. If its breaks the 1773 resistance indicates seller is in control and expose the next resistance on 1760. Pay attention also to the news it can change the direction very fast.

asman86

by seeing the chart on the left and the first candle this morning indicate the gold is going to fall until it hit 1760, then we'll gonna see if its possible to make another attempt retest the previous low at 1679.