GOLD Triangle pattern and short expectation (95%)

6 May 2020

GOLD Triangle pattern and short expectation (95%)

--> Open position at 1690 support/resistance level
- First target 1681
- Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!)
- Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!)
- !! Stop loss for first target: 1693
- !! Stop loss for other targets: 1707

6 May 2020

Not

Long term analysis:

6 May 2020

Not

6 May 2020

Not

Congrats on your last profits guys... I'm really so happy to hear such a comments from you! Let's keep thing thing up!

7 May 2020

Not

Here is an update (If it happens that the 1694 resistance is broken):

8 May 2020

Not

After the triangle pattern breakout from the upside with two high volatile candles from the Uptrend this Idea becomes useless. Instead, you take a buy for the next resistance level.

Please always take into account that you must wait for reversal signal or confirmation (candles config, dodgy signs etc...) before enterring any trade.
This idea contains only 95% of the prediction. Take the 5% risk into account.

10 May 2020

İşlem kapandı: hedefe ulaştı

First target reached. (No breakout)

10 May 2020

Not

UPDATE: We were waiting a short breakout for GOLD to gain some liquidity, but it doesn't, After the long breakout like we said, GOLD had proven so much liquidity to go up for the highest levels (1746 and 1800), this is the update: