gold showing its coulours as the safe haven just not as most wanted, I am seeing some downside projection, but its more correction on its touch of 1742 so many times, now the required pull bk to grenerate the momentum forward to force gold through 1742 to the 1800margin is being seen
Hey good morning from gloomy Limassol!
In this short video you will see my watchlist and the trades taken so far this week and today!
The trades taken are mainly forex pairs but I do have an indicie that I bought (Dax) and im looking at gold (xauusd) for a possible buy!
Anyway you'll find everything you need in the video!
So just when you think everything is golden, maybe it's not!
From a recent high of 1326, we're now at key support levels if this latest Gold run is going to continue. 1303 is first up but if that's breached then it's 1295. If we go through here, which is imo a significant support level, then 1281 may not be far behind.
That said as always, much depends on...
W1: Double top forming, and the price move down, and testing 2EMA 50 & 78.
D1: The price is downtrend , and below resistance 1310 and 2EMA 50 &78
Strategy: The price pullback resistance and given signal--> SELL