Gold 4H Sell the Rally

10 Mar 2017

Gold 4H Sell the Rally
Gold turned the trend from 1260
and untill now it is a one way market: Bearish.

The AB=CD measured move is going to complete
hence we can expect the price to have a correction
move and let's focus on selling the rally.

For aggressive Trader, can take the long from D but u need to set SL
For Trend Follolwing Trader, in downtrend, focus on the
Lower High to short.

15 Mar 2017

Not

For those who took the ABCD Long from 1198, now is 1218, 200 pips

Take some profit pls.

15 Mar 2017

Not

16 Mar 2017

Not

Don't Short first. Gold just hit 0.382 of 1221.
Watch Price action,
get ready when price go to 1237.40 the 0.618 level.

21 Mar 2017

Not

0.618 Level Hit, price action not good, very strong.
so no short right now