Gold: Breakout of Uptrend Open Door To Shorts

FX:XAUUSD   Gold / US-Dollar
Price in gold has broken below a long term uptrend with a sharp impulsive move and it's now seems it's in a corrective structure having already formed waves A, B of a potential ABC correctice pattern. If price rallies and reach the previous broken level at the 0.618 fib retracement of the impulsive wave we should have the completion of the correction and a great opportunity to sell the market. I will update with the exact setup when it completes.

Like and follow for updates... Thank you for all your support :)
Kommentar: Altough price dropped as expected, i didn't join the ride as i was waiting a deeper correction. Now what i will wait for is a correction and after it ends i will sell gold. For those who are already in, you may add and trail to make this setup a huge one

Kommentar: This analysis worked great. I posted a new one about gold. Check it out..!
awesome but why you were waiting for a deeper correction?
" i didn't join the ride as i was waiting a deeper correction"
thank you
+1 Antworten
Do you think pullbak up until 1332.00 for sell again??
Fxprotrader BrayanRush
Yes, price might retrace but to that level. If it retrace in a corrections i am selling the end of the correction
BrayanRush Fxprotrader
Ok thanx I check it ! :)
i am looking for MT4 EW Pattern indicator since long time:( but not sucess
Fxprotrader RuhailKhan
i don't know anything about this mate, so i can't help.. But all these automatic patterns and systems do nothing but blowing accounts. Educate yourself, study structure and all these patterns will be in your brain :)
Fxprotrader ,welldone
Fxprotrader RuhailKhan
Thank you mate
I believe well test 1332 one more time.
TheZabisyu TheZabisyu
before up to 0.618
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