GcNaif

Gold Trade Plan based on Clones for April 12/13 - 2016

Kort
FX:XAUUSD   Guld / USA-dollar
Gold failed to break out 126x area for last 24hours. Seems like bull are tired and need some rest for the bears to take over for a while. As yesterday as long as it stays below 1264 i am on short side. My short entry for today will break of 1251 with first target 1245 and then little retrace and the continue its move down. on the upside if it crosses 1264 then we may see more upside .

You can also trade between horizontal Clone levels or Auto Clones (slant lines) levels.


I am a Chart Slave.Thank you TradingView and @nmike.
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