Since its price continued to drop below the 0 fib line instead of beginning to bounce back, Gold is most likely to continue going bearish up to 1200-1205. I've set up a short stop order with TP @1205.130 and SL @1214.090. Must monitor closely, esp if its volatility increase will manually close and re-enter next week instead.
Daily:
Weekly:
Confidence: C (high-risk trade esp volatility might increase tomorrow; also must close trade before the US NFP news tomorrow)
Daily:
Weekly:
Confidence: C (high-risk trade esp volatility might increase tomorrow; also must close trade before the US NFP news tomorrow)
Trade closed manually:
Decided to close this high-risk trade before I sleep and lock in very minimal gains:P
Trade closed manually:
Manually closed before NFP news; will re-enter later or next week.