TinotendaM

HUGE SELL opportunity For GOLD !! 400 PIPS

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
I have marked out the phycological stages which GOLD has reacted to well over time along with Keys stages following the graph to the beginning of COVID . there is a HUGE SELL opportunity for gold right now we are going through some consolidation after the rally over Christmas. For the trade we are looking for a reversal pattern along side Bearish candlesticks patterns such as a shooting star , and Three black crows and Evening Stars. this will give us a clean confirmation. Entry will be best at the top of the box or wait for the retest to Enter just before the big movement. in my chart all key stages and near by phycological stages are marked . For the fundamental side we are looking for some over all good about the USD or the EUR this will assist the movement to the downside!

OANDA:XAUUSD CURRENCYCOM:GOLD

happy to hear your views and opinions
thank you!

Comments

Great analysis, further losses going into the weekend?
Reply
that was a good analysis and worked
Reply
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