GOLD Weekly View: Bearish Trend below 89 EMA

Jun 20, 2018

GOLD Weekly View:

89 EMA is good to identify Long Term Trend.
Last week, Gold already break down the 89 EMA
This Week, Gold made lower low and confirmed Bearish Trend.
From Supply - Demand view: Gold doesnt' have good demand zone untill 1133
From Harmonic Pattern View: Gold may complete the AB=CD untill 1113
Therefore, The only Strategy we are going to apply is:
Short the pull back
Use Inside Bar to Catch momentum
Use Structure Break down + Pull Back

Trade with your plan.

Jun 20, 2018

Note

Jun 27, 2018

Note

now is 1254

Jun 28, 2018

Note

now is 1250

Jul 13, 2018

Note

now is 1240
8 EMA have already cut 89 EMA.

Jul 17, 2018

Note

Now is 1228

Aug 2, 2018

Note

Aug 2, 2018

Note

1213 NOW

Aug 3, 2018

Note

1207

Aug 13, 2018

Note

Aug 16, 2018

Note

Aug 16, 2018

Note

now you understand why i said take some profit.
inside bar break up
gold may rally for a correction