Ouro/Dólar AmericanoViés de baixa
Short Gold soon?
This is the FIRST ever time have analysed gold. any feedback would be great.
If we look left we see at the end of Feb/ Start of March 1217.37 / 1229.92 was a strong resistance zone.
At the moment that is were market is currently at.
I'm looking for a signal of a BEARISH engulfing candle that closes below 1217.73 at / near this zone. To signify that the retracement is over.
My first target or a cautious area is 1183.30. in the past ( around end of December 2014) it was a strong support area.
IF candle breaks this area my next target area would be 1147.80 possible double/ triple bottom.
Once in this trade i will be managing it on lower time frames. Gradually moving my Stop lose accordingly, locking in profits. In case it doesn't go to play. I don't lose all that progress.
If we look left we see at the end of Feb/ Start of March 1217.37 / 1229.92 was a strong resistance zone.
At the moment that is were market is currently at.
I'm looking for a signal of a BEARISH engulfing candle that closes below 1217.73 at / near this zone. To signify that the retracement is over.
My first target or a cautious area is 1183.30. in the past ( around end of December 2014) it was a strong support area.
IF candle breaks this area my next target area would be 1147.80 possible double/ triple bottom.
Once in this trade i will be managing it on lower time frames. Gradually moving my Stop lose accordingly, locking in profits. In case it doesn't go to play. I don't lose all that progress.
Aviso legal
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