Gold 4H Sell the Rally

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Gold 4H Sell the Rally
Gold turned the trend from 1260
and untill now it is a one way market: Bearish.

The AB=CD measured move is going to complete
hence we can expect the price to have a correction
move and let's focus on selling the rally.

For aggressive Trader, can take the long from D but u need to set SL
For Trend Follolwing Trader, in downtrend, focus on the
Lower High to short.

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ملاحظة

For those who took the ABCD Long from 1198, now is 1218, 200 pips

Take some profit pls.

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ملاحظة

١٦ مارس ٢٠١٧

ملاحظة

Don't Short first. Gold just hit 0.382 of 1221.
Watch Price action,
get ready when price go to 1237.40 the 0.618 level.

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ملاحظة

0.618 Level Hit, price action not good, very strong.
so no short right now