Short Setup Gold

With Fake breakout and breakding down neckline, and top has low volume, confirming the weakness and bull trap.
Price is capped at 60 Daily MA, Pink line.
If 1270 breaks, TP1: 1230, TP2: 1180

Komentar:

Still in triangle, volume not confirming, no change from previous analysis

Komentar:

Crazy daily actions, but still in triangle trending down, UJ turns bullish, more down coming.

Komentar:

more down, 1270-1274 looking for a bounce or breakdown

Komentar:

Maybe bounce around the bottom of triangle, if break it will free fall

Trade aktif:

Breakdown, 1230 on deck

Komentar:

Not breakdown yet, still holding

Trade aktif:

another try of breaking down, we will see if this triggers

Trade aktif:

Gap down, lets try again

Trade aktif:

Finally broke, 1230!