GOLD Potential Shorts.....Don't jump the gun

3 Eki 2016

-Heavy selling pressure as you can see from my arrows
-1370.00 proved to be really strong resistance
-Downtrend starting to appear
-Descending wedge
-Break of significant trendline daily candle break and close
-Multiple targets
-Target 1 coincides with .0618 fib retracement

-Be careful of this blue box area as this has the potential to hold as support
-To be on the safe side you could wait for a clean break and close of this box to enter

17 Eki 2016

İşlem aktif

700 plus pips....I've been adding to shorts regularly, descending triangle here.....Break and close of this level of support then we add more shorts

22 Eki 2016

İşlem aktif

This is how it ended up with the break to the upside.....simple