Gold meet 2 choices.
1. If close lower than 1288-1280 zone It will form H&S pattern and We will follow Short sell and close All Long.
2. Buy Gold if It still more than 1288
In this time I bet Buy side.
I will buy 1292.9 and Set buy limit in Green zone .
TP check in Charts.
Invalid Long setup in Charts too.
1. If close lower than 1288-1280 zone It will form H&S pattern and We will follow Short sell and close All Long.
2. Buy Gold if It still more than 1288
In this time I bet Buy side.
I will buy 1292.9 and Set buy limit in Green zone .
TP check in Charts.
Invalid Long setup in Charts too.
Note
Buy more at 1290.49Note
Now Gold back to Important zone for choose sideI set alarm in Trendline if it drop may be hedge sell and Sell more to cover Loss form Long .
I think If it drop will drop to 1240 and back to 1360 too
so please plan your account for worst case too.
Please see image below for Possible way of Gold
Note
Note
If sell in short term please look again in 1280-1282 Zone if can pass we will Sell moreIf not Gold may rebounce from Double bottom
Note
Gold drop to 1282 zone and rebounce wait to see Gold close price again
If it can hold more than 1290 , It will shown good sign to Long position.
Trade closed: stop reached
Gold break invalid sign for LongWe recommend to follow Sell till 1250-1258
and may bay back
Note
Sell Target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.