XAU/USD - Possible descending triangle formation

10. Sept. 2020

If this is truly a descending triangle, we should a big move lower to 1800 or lower before making another leg up
Look at fibo of E wave, now price are under the .618 level, so it is very likely that E wave is completed
Let's see if we can break 1900 to confirm this pattern

11. Sept. 2020

Trade wurde manuell geschlossen

I closed all my short position.
I dont think stronger dollar coincides with my view on other equities.
I will look to go long if gold go down to 1800-ish
Either way. I dont think i will go short unless im absolutely sure

11. Sept. 2020

Anmerkung

I opened short @ 1950 with stop above 1957

11. Sept. 2020

Trade ist aktiv

Now we only need to clear 1938
And then we will revisit 1900 again

16. Sept. 2020

Anmerkung

very likely