20170811 Possible RA Descending Broadening on XAUUSD daily short
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Possible RA Descending Broadening on XAUUSD daily
Looking at LS touching T S = K S weekly And Descending trend line for two times now
Short if angle of LS is going on the down side
To be validated it must touch the trend line around 1195$ for a third time and then gold could reach new highs (higher than 1300$)
Stop loss If gold is going higher than 1300$
Possible RA Descending Broadening on XAUUSD daily
Looking at LS touching T S = K S weekly And Descending trend line for two times now
Short if angle of LS is going on the down side
To be validated it must touch the trend line around 1195$ for a third time and then gold could reach new highs (higher than 1300$)
Stop loss If gold is going higher than 1300$
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Possible bearish divergence in formation with resistance at 1287$ T S = K S weekly
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Possible Triple topping