Hey guys - this is a quick update from my last gold trade idea, looking at a shorter timeframe. We can see that there has been a strong bullish candlestick pin-bar which has rejected the support zone, this is a signal indicating us to re-enter our long position - after we took profit from the last move.
Geopolitical tensions are all over the place worldwide -...
Clearly we are oversold thanks to that big red day, however we could have some more downwards movement IF there is not significant factor bringing in buyers to gold. Hopefully alot of people took the day off friday and that indian holiday left alot of swiss cheese holes in the market.
Technical Stuff:
Fib retracement shows our first target of 1199.8 .. I would...