GOLD Weekly View: Bearish Trend below 89 EMA

20 Haz 2018

GOLD Weekly View:

89 EMA is good to identify Long Term Trend.
Last week, Gold already break down the 89 EMA
This Week, Gold made lower low and confirmed Bearish Trend.
From Supply - Demand view: Gold doesnt' have good demand zone untill 1133
From Harmonic Pattern View: Gold may complete the AB=CD untill 1113
Therefore, The only Strategy we are going to apply is:
Short the pull back
Use Inside Bar to Catch momentum
Use Structure Break down + Pull Back

Trade with your plan.

20 Haz 2018

Not

27 Haz 2018

Not

now is 1254

28 Haz 2018

Not

now is 1250

13 Tem 2018

Not

now is 1240
8 EMA have already cut 89 EMA.

17 Tem 2018

Not

Now is 1228

2 Ağu 2018

Not

2 Ağu 2018

Not

1213 NOW

3 Ağu 2018

Not

1207

13 Ağu 2018

Not

16 Ağu 2018

Not

16 Ağu 2018

Not

now you understand why i said take some profit.
inside bar break up
gold may rally for a correction