XAUUSD: Weekly and 12h view of Gold

Gold is in a long term downtrend in monthly scale, but right now we're in a strong 12h chart uptrend. The weekly has a few signals that tell me it's of paramount importance to get short at the top of this trend.
In the next 3 weeks we will be offered with the perfect opportunity for a weekly short in gold.

Target is in the short term a retest of the 12h uptrend high volume price at 1077, but in the longer term, if's highly probable to see continuation of the monthly downtrend, which aims initially for 913, but it can reach all the way down, below 700 if we cross the support at 913.

I'll be sharing the specifics for entry and also short term long trades in gold to my group, contact me for info on how to join. I'm currently giving signals but will also start managing accounts via a PAMM at hotforex (covering stocks, commodities and forex); you get Bitcoin trade signals as part of the pack as well.

Cheers,

Ivan Labrie.

Komentar:

We're long...

Trading ditutup secara manual:

One long closed, we reopened longs on close, target remains over 1100, potentially 1150-80.

Trading ditutup secara manual:

We closed our longs at 1108. Now waiting for new signals here.

Komentar:

Let's see if we get a nice short at the top.

Komentar:

Gold acts great, a very well established daily and weekly uptrend here.
I'm buying dips, booking partial profits and adding every chance I get.

Komentar:

Close to the target and time about to run out. Looking to fade the top.