gdf_fx
Short

Gold Shorts - weekly timeframe

FX:XAUUSD   Gold Spot / U.S. Dollar
113 0 4
I see alot of people talking about gold             longs due to its safe haven status however I do not think we see real safe haven flows into Gold             as we do with CHF/JPY             etc

I am more inclined to look for shorts with my bullish dollar bias.

Additionally, previous week pin bar rejection in a consolidation zone signals shorts entering the market

we still haven't had a proper test of the channel since breakout and a nice support zone exists just above the prior channel resistance. this is a good target area of liquidity.

My ideal set up however, would be another push by gold             up to 1421 which lines up with a 50% retracement and key resistance.

very low volume at this level/area would have me selling a weekly rejection candle in the area.

Dont forget this is a weekly chart not an intraday

Related Ideas

English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out