My plan after GC futures open up is wait for PRICE ACTION to close on hourly chart above 1283.4 level to verify a reversal has happened (green arrow). At this time both fork and fib. reversal indicators noted, show price action is at a support area. As everyone knows, when markets opens anything can happen, so I will just wait and watch for mood of market. *Last hourly candlestick noted was a doji, so price action is undetermined on open at this time.
Still think this coming week will be bullish, but because GC futures are so highly leveraged ( 0.01 cent = $10.00), will wait for more confirming signals.
Still think this coming week will be bullish, but because GC futures are so highly leveraged ( 0.01 cent = $10.00), will wait for more confirming signals.