XAUUSD: Drop it like it's hot Short

Gold/U.S. DollarFXCM

Beschreibung

⋅ 25. Jan. 2017 14:33

Hi traders,

Been waiting for a drop in XAUUSD for a while now.
On the XAUUSD we can see that price has reached the trendline and the black weekly structure line at 1199. I'm looking to enter short if we get a close below both of them on the 4H chart (which will take 3,5 hours from now).

Next daily support is at the 1163.77 area, which will be the target. For the stop I'd suggest 1212 area.

Cheers

Kommentar

⋅ 25. Jan. 2017 17:59

I'm not convinced yet.

Kommentar

⋅ 26. Jan. 2017 09:01

We had a nice retest of the trendline, but still not a great fan of this price movement.

Kommentar

⋅ 26. Jan. 2017 09:55

Getting interesting now.

Kommentar

⋅ 27. Jan. 2017 16:36

First target hit. Retracement coming as expected. Let's see if we can move down some more next week.

Trade geschlossen: Stop wurde erreicht

⋅ 1. Febr. 2017 00:31

Kommentare

teddyrucks

⋅ 27. Jan. 2017 16:37

im with you on this

11021992

⋅ 27. Jan. 2017 18:48

@teddyrucks, Great!

piptamil

⋅ 26. Jan. 2017 03:25

Any thoughts now

11021992

⋅ 26. Jan. 2017 08:45

@piptamil, Looks like we had a retest of the trendline to go short.

piptamil

⋅ 26. Jan. 2017 12:12

@11021992, Great prediction

11021992

⋅ 26. Jan. 2017 15:00

@piptamil, Let's see if we can finish it :)

Trader_97

⋅ 25. Jan. 2017 14:35

Looks great....thanks for the update

11021992

⋅ 27. Jan. 2017 18:48

@Trader_97, No problem. Glad I could help.

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