Short

This is an Unhealty Uptrend

Zaktualizowano

Last Friday Gold has broke down uptrend and dropped to 1707$. After touching to 233 Ema in 4H chart it bounced back to the 1730$ bc of strong buyying pressure and with reduce in VIX. But despite all the indicators' buy signal, that new uptrend is showing reversal signs. So after today's retail sales data of May, i think gold will go down.

Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.

Zlecenie aktywne

- S/L Extended to 1745$ for any case.

Zlecenie aktywne

Retail Sales Datas are better than expected. It has bearish impact on xau/usd prices now.

Zlecenie aktywne

Xau/usd didn't impacted much from the retail sales datas. That means market is still waiting for the industry datas and powell' speech to move.

Zlecenie aktywne

Industry datas were terrible, So i am expecting 1725-1735 levels back again.

Zlecenie aktywne

There is a strong resistance between 1729-1731$ and gold is struggling to pass it through. Now i am expecting price go down to 1711$ level as beginning. Levels are 1722-1717-1711-1707-1700-1695-1682-1660-1657-1645. I don't think price go lower than 1695$ in my opinion. Lets see.

Zlecenie aktywne

Price faced with a support at 1717$. I have closed my a few shorts. Lets see will it turn back to resistance from that level.

Zlecenie zamknięto ręcznie

Looks like price won't go down more than 1717$ and looking like it is heading above 1745$ so we are closing our trade. Maybe next time :)

Kaan_ARTAR

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