ForexAlpha7

XAUUSD UPDATE

Long
ForexAlpha7 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD my personal view on this currently.

I took a long position earlier took partials profits and hold half of my position.
am expecting XAUUSD to pull up to 1839 if it fails to trade above this price level expect further drop, cuz the trend is still bearish on the 1hr to 15mins time frame.

The third scenario here is for price to continue to rally to 1845. then from the trend react at this point will determine my next cause of action

the second senerio here is for it to drop to 1833 and if this level of support hold expect a rally to 1845

stay tuned to this feed for live trading updates and signals.

please refer to my previous publications to be able to understand how I approach the market
feel free to drop your own views, comment or criticism .
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price just pulled up to 1839 and rejected.
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I will be going short once price breaks below 1838

wait for full confirmation before placing your SELL trades
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IF PRICE BREAKS 1841 SELL SETUP NO LONGER VALID
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SELL XAUUSD ENTRY 1838
SL @ 1841
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15PIPS IN PROFIT
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I WILL BE ADDING ADDITIONAL POSITIONS AT 1835.65

PENDING ORDERS SET @ 1835.65
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Retraced above entry point.... trade Setup still valid .

patiently waiting for the drop
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GRADUALLY COMMING BACK TO PROFIT
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DELETE PENDING ORDERS, AND SELL BY MARKET EXCUTION NOW @ 1837.44

ADD 2 MORE POSITIONS
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50PIPS BOOM INJ PROFIT
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