After breaking out downwards out of an upward wedge pattern, gold is now at the bottom area of the parallel uptrend.
A retracement of between 38% and 50% has been achieved, and I expect gold to move up from here. An initial target of
1267 could reasonably be expected on this next leg up!
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas useful, and if you like them I would encourage
you to click the LIKE symbol. Wishing you all the best of luck in your trading and
investment activities!
A retracement of between 38% and 50% has been achieved, and I expect gold to move up from here. An initial target of
1267 could reasonably be expected on this next leg up!
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas useful, and if you like them I would encourage
you to click the LIKE symbol. Wishing you all the best of luck in your trading and
investment activities!
