short the gold after break and retest of triangle

Jul 1, 2017

we 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

Jul 1, 2017

Note

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

Jul 3, 2017

Note

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