im a BEAR on gold

Market is bearish and price is flat.price has broke our bottom of the the range and pulled back at dpp which is our resistance.as a bear im looking at dpp(38.2 fib) with a target of DS2 1242.82 (161.8 fib) confluence of WS2 .if price breaks i will look to sell at DM3 1270 (50.p fib) with a target of DM1 1247.24 (138.2) . will be looking at my lower time frames to enter and scalp iy down.we might see bulls push the price from DM2 1258.82 WITH A TARGET OF DM4 1281.since price has found support.

3 thoughts on “XAUUSD SHORT in trada day 15 JUNE 2017”

  1. Charles Bidner says:

    Thanks for sharing your ideas Frank, I am watching XAU as well, will keep your analysis in mind.

  2. Dalmas Ngetich - FOREX.TODAY says:

    that CPI data almost wiped out my stop loss. Glad I didnt back out. I’m watching Gold tumble to $1220-40 per ounce in the next few days

  3. frank says:

    Hope everyone banked the pips on this trade by moving the stop loss.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.