Multiple Calculation Implies Gold's rally to the end:

Multiple Calculation
Implies Gold's rally to the end:
The 1.618 EXT at 1297.89
The 200% at 1301.40
The Big AB=CD Complete at 1299
RSI is Overbought
All these tellng me Gold is facing Daily Resistance
I will look into small time frame to find
any bearish pattern: double top , Pin Bar, Bearish Engulfing
and short

Commentaire:

Commentaire:

seems 1h going to be a bearish pin bar

Commentaire:

It's a bull trap at 1300

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Transaction en cours:

Short at 1296.50,

Commentaire:

Commentaire:

Bearsih Bat Pattern

Commentaire:

Power of bat pattern.
Did you short?

Commentaire:

Short at 1296 and 1300
Now win 170 pips

Commentaire:

Two Target updated

Reminder: For thoese people who believe gold is bullish and want to long gold,
please be careful
Trend can by changed, that's how turning point forms.Dont be trapped.
What I think is: if gold never break up 1307,
we can not say it is bullish.