My Gold pending buys position are getting close to hit. This will be a risky trade and potentially hefty loss if SL gets hit but the risk/reward ratio is also huge. Yellow line is SL. Will start buying at 1490 for 1590
Here is an update to Oil. Med term target remains the same however for the time being. Oil will most likely push up to 58-62 area (sell zone) I will be looking for a bearish H1 breakout in that zone to enter short. Anyone that follow me through the old chart I posted I would advise to TP ASAP.
I posted this gold analysis at the beginning of the week. It was spot on accurate but too bad I chickend out to early and closed sells. It’s better to be safe than sorry so no regrets. I was wondering anyone followed it?