unkownp

CALLED IT! Now time for the next part to play out!!!

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I called the retracement on the previous post. Now its time for Gold to dump, this is only if US dollar does not weaken further. If it does, then this prediction may be invalid.

Comments

Did you learn from Shaun lee?
+1 Reply
unkownp TomMoorefx
@TomMoorefx, possibly :)
Reply
have got the same analysis but looking for the drop to reach 1685 zones.
+1 Reply
unkownp nicolenaya
@nicolenaya, Great! Would suggest you to take some profit before 1700 as it is a major psychological level. Just a heads up! :)
Reply
nicolenaya unkownp
@unkownp, thanks for the heads up. Would adjust accordingly.
Reply
HA9816 nicolenaya
@unkownp do you still see further drop
Reply
unkownp HA9816
@HA9816, the huge wick is currently concerning but downside potential is still there! My bias is still currently bearish.
Reply
Neckline*
Reply
Ive got head and shoulders on the dollar index and break of the trendline. Looking to weaken further
Reply
unkownp alamdarkirmani
@alamdarkirmani, If the dollar is to weaken, then my prediction may be wrong.
Reply
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