2811 XAUUSD: bear trade already start

Check this :

We have a pending order which should be triggered already. Right now TP1 hit too.

This is a short trade on daily chart based on the purple corrective channel. The blue channel is still valid so far but it is not reasonable to go long with it now. Because the purple one could help gold down to retest position around 1200 again in the last trading month on 2018.

We could expect a long-term bull trend start in the early month of 2019. Please check them on monthly chart. Dont be surprised that gold will retest 1300 in the first half year of 2019.

Less is more!

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Kommentera:

This is daily chart for current situation.