FUNTRADER-Vera
Short

GOLD: waiting bear sign on daily chart

FX:XAUUSD   Gold / US-Dollar
Traders,

For gold             , this daily chart is still bullish , I know some traders
would try to short it, esp             a bear trap yesterday appeared.
A blue daily chart is broken and still valid only if price wont go higher than 1345.
We were trying to short it with sl at 1345.
But this is no right if there is not a strong bear sign on daily chart , AND ITS RISKY.
We should follow the trend.
Right now no good entry to long or short, but to wait, to check how price behave on the blue zone.
Some sort of correction is expected to happen on that zone.

Less is more!
Kommentar: On daily chart, Gold hit the blue target zone.
But still have no reason to short it yet.
Kommentar:
Kommentar: the blue zone has been touched already.
Kommentar: targeting 1278 now.
Kommentar: sorry , 1378, not 1278.
Trade geschlossen: Ziel wurde erreicht
Trade geschlossen: Ziel wurde erreicht
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@FUNTRADER-Vera, Is there any likely hood of a bounce at $1326?
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@monitorr, now turns out 1311
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@FUNTRADER-Vera, is correct the last updated target price? 1278,in the chart you marked 1378.58 as resistance with the orange line. May be I'm wrong, and actually the target is 1278.
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@ArturoAB, 1378. not 1278. Your are right , my apology.
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better no short
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I wouldn't try and short this move until we test 1375. That could happen before the end of the week.
+1 Antworten
FUNTRADER-Vera thesilverbullet
+1 Antworten
Ocer bought on H4 and Daily. I sell from 1348 and TP is 1330. I see no pin bar or any other sell sign yet
+1 Antworten
@Glendooie, i think thats a little b early.
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Glendooie FUNTRADER-Vera
@FUNTRADER-Vera, Thank you, I really appreciate your saying that. Allow the market to test 1375 and the look for the sell signal before I place an order.
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