Gold to hit $1690, retest the 0.786 fib at $1660 and then continue bullish momentum as eqs carry on dropping.
Comment:
Playing out perfectly at the moment, although the retest wicked to the 0.618 fib line at $1640 which is an area of high interest, unfortunately I didn't add to this position there. We have now just closed the 4H above the 0.786 fib line which will surely give bulls the momentum to retest that high of $1670 and my opinion blast straight through it.
Trade active:
You're welcome, trading risk free from now.
Trade closed: stop reached