Validated confluences
1.Trendline broken
2.Support broken resistance validated
3.Strong drop from 2750.17
4.Counter trend Trading
5.Profit margin 1:4
previous trade was too low in the curve, profit margin has increased.
Political tensions between US and Russia and the uncertainty in the Eurozone affected global markets yesterday. Investors were seeking long positions on safe havens such as Gold and the Japanese Yen.
Gold was up $17 yesterday, it has now touched the 1.618 Fib level of the December to January 2017 rally.It acted as a nice resistance and I see the metal correcting ...
