Quantum_Labs

GOLD SHORT IDEA

Short
Quantum_Labs Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Annotations made in the chart
Price has taken a swing low in London Open,
any net short trader has been squeezed in the rally higher, accumulation of short positions above 1850.33 could be ideal for shorts to enter. i anticipate a run on Asia low. we have had a shallow run on Asia lows.
I anticipate attacking Asia sell stops of any net long trader as price delivers lower
Partial annotations made on the chart
final draw could be 1843.28
Comment:
1844.27
1844.01
1845.75
would be ideal exit targets before the main target is achieved
Comment:
1845.30 heavy partials
Comment:
I anticipate a massive impulsive drop below Asia lows , could be great bearish confirmation
Comment:
1849.09 potential area for re-accumulation of shorts
Trade closed manually
Comment:
Re-entry on the same level 1850.33

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