My future view of the gold

The fall of gold is hard, it will go back to 1200 area. 1210 might not hold.
Here is my view of the gold.

Bình luận:

Short from 1226 or now. Then short from 1216 again to 1206.
1244---->1232--->1236
---->1222--->1226
--->1212--->1216
--->1202
---->1220

Bình luận:

If the top resistance line is broken, this trade will be invalidated.

Đã hủy lệnh:

I see that in 5min chart, the price has moved out of the upper line of the downtrend. But I still believe that after a retrace, the price will be hammered down again. Retrace 1226~1230

Giao dịch đang hoạt động:

30 Min still looks good. The trade is active.

Bình luận:

Gold goes up again, not sure if the area 1225~1229 can hold. Let's see.

Bình luận:

Just be careful, 1220 might hold. if so, it might retest 1240 again, then downtrend. See the 4 hours chart, in the 1220 area, how the manipulator played us.

Đã hủy lệnh:

Since the line moved out of the channel, I will cancel this trade. We need to observe the key area 1230, 1220. If 1230 breaking up, re-test 1240(and possible 1250) and then dive again. If breaking down 1220, downward.