J_Graystone

Trend continuation Trade on Gold

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
496 views
9
I know I usually post Forex ideas but we went through this market in the live room this morning so I thought I would share some of the analysis with guys.

We have test a major level of structure in this market at 1180 but if you are looking for a retest of the lows, then there are a few opportunities here.

A basic trend continuation trade looking for market to push into previous support to become resistance will give you an aggressive 1:1 RR

There is also an equal measured move, a Fib inversion set up and a Bat formation in that kill zone.

Good luck in the markets this week guys!

Jason

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