Gold Plan for May 17/18 2016

For the last 5-10 days Gold has given many 10 dollar swings on both sides bear/bull. Once again i m expecting this to reverse from the area marked as possible reversal area on the chart. We have a current month trendline near the area marked with arrow and its all the 50 level quarter of Clones.

Possible sell
a. entry 1 : 1286
b. entry 2: below 1278 ( which ever comes first)

I am also watching the formation of possible gartley pattern

Kommentera:

for folks who want to trade both sides, may make use of these Auto Clones ,it worked great so far for last few days, trade those trend lines ( auto Clones)