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laughingchartist

Gold [1-3 days view]

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Emas Semerta / Dolar A.S. (FOREXCOM:XAUUSD)  
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Short Gold
Entry: 1299.05
SL: 1313.15
TP1: 1266.25
TP2: 1254.75

Market reacted above descending wage support with price closing above EMA (21).
MACD still in bearish territory however, showing a golden cross signalling a possible reversal.

Wait for a pullback to short below 1299.05 where also happens to be descending range resistance.
Komen:
Gold 1st target reached. Most likely will see a small reaction at the 1266.25 level before another leg lower
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28

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laughingchartist
Gold [1-3 days view]
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