SLYH01的OANDA:XAUUSD的Gold the widowmaker fall II

Gold the widowmaker fall II

This Idea is a continuation of the first one, the first TP hit where we are looking for at least 1741, I'm looking for lower targets but we will see

註釋

If you are in a sell trade, I would salute your big balls, though have to say this be aware of 1950-1940 area for the PRZ.

註釋

So, the gold dropped? well yes, but the momentum is not, it's more like channeling corrective, not impulsive, looking for 2050 to be broken then we will take a second look.

註釋

As stated before, the PRZ 1950-1940, now we talked the talk lets walk the walk

註釋

here is the setup

註釋

I Got stopped out for the 1942 and returned @1935.

註釋

As the price hesitated and did not reach 1985.5 I closed the trade, will it continue lower?

註釋

this is what I'm expecting, for now, these levels need to be broken, for selling gold. if there is a failure of the pattern aka the price continues higher we will set targets of how high it can go not so far though.