I believe Gold has broken a Head & Shoulders Pattern and we can see move bearish movement from here. This could also mean DXY ascension is not yet finished.
Not sure if it is worth to take any short position though... Notice there is a valid Cypher pattern and, if market decides to complete it, the price may fall to as low as 1125 area.
This movement does not cancel the bullish run and we should see Gold going to 1,400 area by next year
Not sure if it is worth to take any short position though... Notice there is a valid Cypher pattern and, if market decides to complete it, the price may fall to as low as 1125 area.
This movement does not cancel the bullish run and we should see Gold going to 1,400 area by next year
Comment:
Moving towards the target value
Trade closed: target reached:
I enter a long position now although gold may go lower. Buying at current price, SL: 1069, TP: 1450
Comment:
Longs at breakeven. I think I will close it at 1250 as the alternative variant becomes more and more evident
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!