


trisperon
I entered a short position with a somewhat conservative trailing stop loss. If all goes well, resistance zone will reject and push price lower. Good luck to everyone.
Possible retest of lower trendline 61.8 area confluence.
New area to be tested marked in red.
Short-term trendline looks it has been surpassed and price is starting to approach next area marked in red.
I'm short with target at green flag.
I'm in, price likely to reach next minor support zone.
Alright, this one it's worth keeping an eye on, honestly speaking, I'd place a sell order just beneath today's daily candle and catch approximately 30-40 pips, however it is wiser to wait and see if price breaks through trendline. Up to you!
Short orders advised.
On the chart, price rejected passing resistance zone by making a steep turn to the south, price range highlighted in green is now the next target. Short trades are preferred.
As you can see on the weekly outlook pasted below, the daily also shows that price is likely to test previous range with plenty of room to the downside for short-term traders. I'm in.
After posting the weekly outlook for this pair (see idea attached) I'm going to short this pair until the next support zone.
Keep an eye on it, short orders underneat daily candle can be good and possibly profitable because of potential momentum to the downside.
Gold is at a crucial point, although price seems moving toward a direction reflecting optimistic US Data forecasts, everything can happen and Gold can stregthen in case of a negative scenario.
This index deserves attention because a short-term correction can be on the rise. I advise placing orders on the low end of current weekly candle.