following last Friday's big move, let's see how week 9 commence before adventuring into the jungle of intraday/intraweek noise. Last week price closed below 1300 and momentum may drive price lower than 1290 early on Monday. In this case support at 1276. However price could also travel inside the black box at least until mid-week before deciding which way to go.
As I said in my previous post I am not trading the bounce, nor the continuation of the fall. The move to trade on Gold was last Friday and now it's just time to wait and see before thinking about the next trade.
Thank you for your support and for sharing your ideas.
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.