0.116 should be good level to reentry, fib 0.5 support, plus strong trend line support
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 44 COMMODITIES of Chicago, New York & londo (MA 100 & 200 inside bullish) @ drive.google.com Best regards Aaron
We want to SHORT on the break out from the symmetrical triangle and target 14.50 area (which will be an area for us to close all short positions and swing LONG).
Our argument here is simple. Expect another sell off in Gold this May 2015 (just like the one in 2014 and 2013). Our expectation is gold to retest 1150 -1160 area - somehow maintaining a fragile bull flag formation (although we have to admit prices are trading below 50% fib retracement) HOWEVER, we cannot deny this range could still play out. We again argue that...