As EU is leading Gold for now, we can see EU has broken the previous L and what I would want to see is EU going back up.
Gold with a slight lag would break the previous L 1260 and go too.
If EU fails to go up now I will not be that keen to buy GOLD.
P.S I am not trading EU, I use this chart because Gold and EU both are twins in behavior with couple small nuances and differences.
But as EU is leading now, Gold is following with a Lag, so EU should tell you how Gold could behave.
Good Luck.
Gold with a slight lag would break the previous L 1260 and go too.
If EU fails to go up now I will not be that keen to buy GOLD.
P.S I am not trading EU, I use this chart because Gold and EU both are twins in behavior with couple small nuances and differences.
But as EU is leading now, Gold is following with a Lag, so EU should tell you how Gold could behave.
Good Luck.
Trade active:
I went long on this Vehicle. Last time I traded EU was a year ago.
I will go long here with an SL 1.15424.
I am not doing the same in GOLD though. Gold is a little bit more monstrous. I am waiting for Gold wither to spike down and break the L 1260 where are my pending orders or 1282+2 like mentioned in all ideas before.
I will go long here with an SL 1.15424.
I am not doing the same in GOLD though. Gold is a little bit more monstrous. I am waiting for Gold wither to spike down and break the L 1260 where are my pending orders or 1282+2 like mentioned in all ideas before.
Trade active:
oh yeas my entry 1.16247
Trade closed manually:
I just closed the trade at BE. I will wait to see what Gold is doing. If it can close above 1276 I may consider re-entering. But Gold looks bearish below 1276.
The whole FED thing was a complete waste of time. I don't know why it takes so long for Gold to follow up the EU so far. So EU is hovering here too now because Gold can't decide.
The whole FED thing was a complete waste of time. I don't know why it takes so long for Gold to follow up the EU so far. So EU is hovering here too now because Gold can't decide.
I raise my hand for these both to go up, more because of levels I have on Gold, but of course, if they do, they go both in hand.