Interesting day this Friday. But fear not, it's simply come to the end of the structure, which funny enough was when a small pullback is due. This means it has now finished its structure and is awaiting to form a new one. Due to the bullish nature, and the levels of support, we can expect no more than a small drop before a rally to 1780. Hold strong, Hedge if needed.
Lots of recent instability due to Iran tensions. We had our peak in the 1600s, we've had our main retrace, wether bottom is 1555 is unknown yet, but will not deviate from than any more than 10-15 pips. But with risk management, long is available.
What do you think of the idea?
Gradual long term uptrend. Within the uptrend, we see three retraces and two breakouts. To make it an equal three retraces and three breakouts, there must be an overall rise in gold value to the 1560 level by Feb.
Just an idea?
What do you think of it?