Goldenhelmsman

Gold will enter a minor correction

Short
Goldenhelmsman Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The recent gold bulls super strong, directly topped the previous big pressure 2144 below, the highest reached 2141, the hour chart appeared in this position, the final daily line or close Yang, but the upper line is very long, indicating that 2141 is a short-term small top, today's ideas we are still bullish, short-term high repair shock, The current bears have also begun to move, but the big cycle to change the big bull trend is still difficult, short-term adjustment and repair can not change the big cycle of bulls, today if the bulls again top yesterday's high there will be a large number of bears into the day again brush the high point of 2141 less likely, today we are also long and short can be on, find a good rhythm

If the Asian direct price reaches the position of 2133, consider selling first. If you directly lower it, it will be more troublesome, because you are not sure where the short position and the low point are.
At present we can see the two large positions rising 2120 and 2110 two positions. I prefer non-farm data before it is mostly shock repair. It has risen too much, and the technicals and indicators need a fix


Support 2120,2110, pressure 2133, strong pressure 2141, partial strong and weak water lines 2110

Gold ----
Sell near 2133, target 2120-2110
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Let's see the Asian time gold can be back to what position
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If you had sold gold near 2031 as I suggested, you would have made a profit of more than $5 at this point
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We sell in 2031 and take profits in 2024
Bought in 2025 and took profits in 2030
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