Gold's still moving in a side way up which made a higher high and higher low
I provided the yellow channel to indicate where it will go and also provided the sub channel (white trendline)
We will have the U.S. CB consumer confidence releasing today which forecast 89.0 better than previous at 88.6
In my opinion if the number released is better than forecast it will cost gold down
So the possible area for us to buy is $1835-$1835 which is the 22 January's low and also the cross over between the yellow channel and the white trendline
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If you find this useful please don't forget to like and follow.
Thank,
Fieldfairy
I provided the yellow channel to indicate where it will go and also provided the sub channel (white trendline)
We will have the U.S. CB consumer confidence releasing today which forecast 89.0 better than previous at 88.6
In my opinion if the number released is better than forecast it will cost gold down
So the possible area for us to buy is $1835-$1835 which is the 22 January's low and also the cross over between the yellow channel and the white trendline
----------------------------------
If you find this useful please don't forget to like and follow.
Thank,
Fieldfairy
Comment:
Price goes down to buy area and retrace up 800 pips
Trade closed: target reached