Where in the world...is GOLD Pattern Development XAUUSD
Did a 30 min to 4 hour evaluation of technicals' after a great start to September. Gold went from my last call to buy at 1424, rose to 1560's retraced from 1560's to 1503.
Looks that the trend downward will continue for a few more days.
This opportunity will thwart your account to positive standing.
Selling for the short :: Look for a strong buy at potential 1483 range, possible slippage to 1480 may occur. as always the market may change. still look for the buy around the 1490-1500 range based on 5m-30m-1h.
Reverse to BUY :: the expected return to 1560 to 1583 after the reversal.
remember trade wisely and keep stop loss @ 3% of account balance.
Best wishes, Happy Trading!
Looks that the trend downward will continue for a few more days.
This opportunity will thwart your account to positive standing.
Selling for the short :: Look for a strong buy at potential 1483 range, possible slippage to 1480 may occur. as always the market may change. still look for the buy around the 1490-1500 range based on 5m-30m-1h.
Reverse to BUY :: the expected return to 1560 to 1583 after the reversal.
remember trade wisely and keep stop loss @ 3% of account balance.
Best wishes, Happy Trading!