$1095 target, If $1170 fails

GOLD / U.S. DOLLARICE

Description

⋅ Nov 26, 2016 12:18 PM

HI,
Gold has reached a potential price for reversal when hitting 1170$.

But for at least 2 reasons, i think it could drop more until end of december with $1095 as target (cypher bullish)

Reason #1 : Timing
Fibonacci and Gann timing for reversal are located on 19<>22 december

Reason #2 : Dollar Index
Still bullish

Opened short at $1205.

This idea is widely inspired by this previous one.

Trade active

⋅ Dec 15, 2016 12:45 PM

Starting to add long.

Comments

sulbas

⋅ Dec 15, 2016 1:41 PM

What about 1095?

Nightfish

⋅ Dec 15, 2016 1:04 PM

Beautiful! What about 1095 target?

ThunderDarkly

⋅ Dec 15, 2016 12:48 PM

Nice last chart Im in agreement for sure, gl happy trading thanks for sharing.

Alireza

⋅ Nov 27, 2016 9:19 AM

I have open Gold short and i wish open lower this week.