DJSMORE

XAU/USD SELL IDEA

Short
DJSMORE Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
THIS IS MY IDEA ENTER AT OWN RISK

Looking at the weekly chart, gold has just entered its sell zone on the weekly chart

TIGHT SL OF 1936
TP DOWN TO 1896

Gold wanting to make a new low on the weekly chart

REASONS i BELIEVE ITS FURTHER SELLS:

1) GOLD IS STILL A DOWN TREND ON 4H, D, W
2)GOLD HAS RESET 4H RSI FROM 32% TO 64% GIVING IT MUCH MORE PUSHING POWER DOWN
3)GOLD HAS JUST HIT SELL ZONE BASED OFF D AND W DOWN TREND

FOLLOW AT OWN RISK AND PLEASE BOOST IF YOU LIKE THIS INFO
Comment:
Moving my SL to 1942

Looks like it is wanting to do a further push to about 1934 then begin its fall

You can either enter now for half your usual trade size and enter again at 1934-1938

Or wait for 1934-1938

ENTER AT OWN RISK AS THIS IS MY IDEA AND I DONT 100% ACCURACY
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