GOLD Triangle pattern and short expectation (95%)

6. Mai 2020

GOLD Triangle pattern and short expectation (95%)

--> Open position at 1690 support/resistance level
- First target 1681
- Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!)
- Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!)
- !! Stop loss for first target: 1693
- !! Stop loss for other targets: 1707

6. Mai 2020

Anmerkung

Long term analysis:

6. Mai 2020

Anmerkung

6. Mai 2020

Anmerkung

Congrats on your last profits guys... I'm really so happy to hear such a comments from you! Let's keep thing thing up!

7. Mai 2020

Anmerkung

Here is an update (If it happens that the 1694 resistance is broken):

8. Mai 2020

Anmerkung

After the triangle pattern breakout from the upside with two high volatile candles from the Uptrend this Idea becomes useless. Instead, you take a buy for the next resistance level.

Please always take into account that you must wait for reversal signal or confirmation (candles config, dodgy signs etc...) before enterring any trade.
This idea contains only 95% of the prediction. Take the 5% risk into account.

10. Mai 2020

Trade geschlossen: Ziel wurde erreicht

First target reached. (No breakout)

10. Mai 2020

Anmerkung

UPDATE: We were waiting a short breakout for GOLD to gain some liquidity, but it doesn't, After the long breakout like we said, GOLD had proven so much liquidity to go up for the highest levels (1746 and 1800), this is the update: