Good evening been pretty quite just enjoying the sun here in the U.K, absolutely dying.
Strong USD last week makes me think this gold set up for a short profitable.. I did have an alarm on the 61.8 retracement level but it looks as if the 50% has held up nicely; giving us sight of an ABC pattern forming. Targets for the downside for me will be around 1660 but I'll updated through the trade.
Going to be looking for shorts on this over the next coming days the creation of a lower high on a smaller time frame will give me the go ahead.. This becomes invalid if we pass the 50% level then we aim for the 61.8 and if that doesn't hold then lets all just buy gold...
I watch the month week daily and place on either the 8/4/1hr charts.
I am not a financial advisor or anything like that but I do take money from the market....
Firm handshakes.
HAPPY TRADING. >:-)
Strong USD last week makes me think this gold set up for a short profitable.. I did have an alarm on the 61.8 retracement level but it looks as if the 50% has held up nicely; giving us sight of an ABC pattern forming. Targets for the downside for me will be around 1660 but I'll updated through the trade.
Going to be looking for shorts on this over the next coming days the creation of a lower high on a smaller time frame will give me the go ahead.. This becomes invalid if we pass the 50% level then we aim for the 61.8 and if that doesn't hold then lets all just buy gold...
I watch the month week daily and place on either the 8/4/1hr charts.
I am not a financial advisor or anything like that but I do take money from the market....
Firm handshakes.
HAPPY TRADING. >:-)
