Intraday / Swing Trading Gold.

this is not a short if you ask me. Look at the 3H chart: ib at level.

 

12H chart has IB too at level, but that still needs to break to the upside, so that needs some more waiting ...

 

unrest in Korea could provide the fundamental reason we will go up ... although this thread is about technicals

 

The uptrend has just been confirmed with a higher low on the hourly.

 

In your dreams

 

yeah, I read that prematurely, now waiting for 12H ib to break to the upside to add to my position if it happens in the coming hour.

 

2H chart is getting engulfed, it it stays that way at the close that's my signal to add because of higher low ... still 1H and 40 minutes to wait.

 

watching 1H doji now to add, a lot of patience needed today ...

 

finally bingo: added some when it went beyond doji @ 1257.80

 

daily inside bar broke to the upside: more confirmation of the long position.