My future view of the gold

The fall of gold is hard, it will go back to 1200 area. 1210 might not hold.
Here is my view of the gold.

Comentário:

Short from 1226 or now. Then short from 1216 again to 1206.
1244---->1232--->1236
---->1222--->1226
--->1212--->1216
--->1202
---->1220

Comentário:

If the top resistance line is broken, this trade will be invalidated.

Ordem cancelada:

I see that in 5min chart, the price has moved out of the upper line of the downtrend. But I still believe that after a retrace, the price will be hammered down again. Retrace 1226~1230

Trade ativo:

30 Min still looks good. The trade is active.

Comentário:

Gold goes up again, not sure if the area 1225~1229 can hold. Let's see.

Comentário:

Just be careful, 1220 might hold. if so, it might retest 1240 again, then downtrend. See the 4 hours chart, in the 1220 area, how the manipulator played us.

Ordem cancelada:

Since the line moved out of the channel, I will cancel this trade. We need to observe the key area 1230, 1220. If 1230 breaking up, re-test 1240(and possible 1250) and then dive again. If breaking down 1220, downward.