XAU/USD - Possible descending triangle formation

10 sept. 2020

If this is truly a descending triangle, we should a big move lower to 1800 or lower before making another leg up
Look at fibo of E wave, now price are under the .618 level, so it is very likely that E wave is completed
Let's see if we can break 1900 to confirm this pattern

11 sept. 2020

Trade fermée manuellement

I closed all my short position.
I dont think stronger dollar coincides with my view on other equities.
I will look to go long if gold go down to 1800-ish
Either way. I dont think i will go short unless im absolutely sure

11 sept. 2020

Note

I opened short @ 1950 with stop above 1957

11 sept. 2020

Transaction en cours

Now we only need to clear 1938
And then we will revisit 1900 again

16 sept. 2020

Note

very likely