$GOLD ($XAUUSD): Bearish Trend intact!
No reason to change my mind, as long as the price remains below 1,215 area, the trend remains bearish.
At the time, the "KEY SWING" (see chart below) we assumed, appears to be correct, then our view is for a continuation of the short position.
Let us always remember that the analysis is modeled on weekly.
OUR STRATEGY PLAN (R/R 1:2)
Short below 1.215 with the target area in 1150 and stop loss above 1,215 area (stop tactical above "C" point for scalper)
KEY SWING
(Click & Play Chart)
At the time, the "KEY SWING" (see chart below) we assumed, appears to be correct, then our view is for a continuation of the short position.
Let us always remember that the analysis is modeled on weekly.
OUR STRATEGY PLAN (R/R 1:2)
Short below 1.215 with the target area in 1150 and stop loss above 1,215 area (stop tactical above "C" point for scalper)
KEY SWING
(Click & Play Chart)
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