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mahmoud-fath-elhoda

Gold is on weakness up trend ready to short

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Ouro/Dólar Americano (FOREXCOM:XAUUSD)  
mahmoud-fath-elhoda Atualizado   
FOREXCOM:XAUUSD   Ouro/Dólar Americano
Trend Analysis Technical Indicators
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trendanalysis indicator
As we can see that gold is on weakness up side trend waiting a confirmation after false break out from the resistance 1809 and give us a price action for short the best one will be false break out and making lower low on the lower time frame like 30m after that we can place short positions targeting 1700 then 1620 in extension
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The alternative scenario is push up above 1810 and waiting correction with no over lapping with 1810 after that the next target will be 1870
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as we can see right now gold is pushing down and broke the trend line waiting for bull back its might be already almost done
we can place sell orders after bullback or after broke the low 1785
Trade ativo:
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snapshot

+160 pip till now
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Aviso legal

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