pcnafi

Gold: reversal

Short
pcnafi Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we expected market gave us good trades to the upside from 1985 and we are above 2100.
I'm biased to the downside on Gold from now on. Each high can be the potential last high and am ignoring all buy setups and gonna focus on sell setups only.

Am expecting the market to reverse from above 2125 and to move downside to 2075 minimum and we can expect a reaction 2075 - 2050. This move can even break the 1980 level if the market gives big corrections in between but it's early to say.
  • 2130
  • 2075
  • 2050

The bias is based on Market structure, waves, and psychology
Always wait for your setup and as always market wins
XAUUSD XAUUSD XAUUSD

Comment:
a new high is expected around 2180+
Comment:
will be good to look sell setups above 2172 price level
Comment:
a New ATH can be expected. Waiting
Order cancelled
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