GOLD - Great SHORT set up. 2 High Probability areas

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Watch for price action in the 2 areas marked.


looks correct
+1 Reply
Wicktator MFK2210
@MFK2210, Thanks
mohammedyt786 Wicktator
@Wicktator, Hey, how do you feel with the current area that price is in as there has not been any pullback yet ,so do you expect a continuation down to 1750 levels. thanks for your analysis.
+1 Reply
Wicktator mohammedyt786
@mohammedyt786, The market moves in cycles. Impulse, correction, impulse correction. We're currently in an impulse and there needs to be an exhaustion period where price should pullback. Ideally the correction takes us back to the zones marked and there we can take a trade to continue the downtrend
Thanks for sharing your thoughts. @Wicktator
+1 Reply
Wicktator forexboat
@forexboat, Thanks cap
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