HI Team,
See linked post for in depth GOLD analysis this week, which covers all USD news.
Look out for news later today at 1300 GMT.
Currently in a daily Elliot ABC ascending correction, and looking for breakdown soon. Safest sell is within the ascending channel, but worth looking for a breakdown of that with at least one position. I expect a small 30M timeframe retracement, but if we do not get it, sells on break of shown trendline, safest first TP and point of SLBE would be floor of this corrective channel.
Good Luck, Trade safe
DrBear
See linked post for in depth GOLD analysis this week, which covers all USD news.
Look out for news later today at 1300 GMT.
Currently in a daily Elliot ABC ascending correction, and looking for breakdown soon. Safest sell is within the ascending channel, but worth looking for a breakdown of that with at least one position. I expect a small 30M timeframe retracement, but if we do not get it, sells on break of shown trendline, safest first TP and point of SLBE would be floor of this corrective channel.
Good Luck, Trade safe
DrBear
Trade closed: target reached:
TP hit twice over.
Consistency always always pays off.
Consistency always always pays off.
