short the gold after break and retest of triangle

1 Jul 2017we can see that gold is in downtrend . it has made an triangle on 4 hour . i am still bearish in weekly timeframe . i am expecting it to go down upto 1200 or lower 1194. this area is a strong weekly support zone. so price may be or bounce back.
go short next week when triangle is broken and retested

1 Jul 2017

Komentar

here is the weekly view. you see we are printing big red candles on daily. for going long i have highlited the hot zone in the chart. i will be expecting a reversal from that zone , which if breaks the longterm trendline will mark a starting of new bull market

3 Jul 2017

Komentar

we have broken below the triangle, but it can be false breakout. wait for newyork exchange open, after that i will check that market retest the triangle. then i will go short