Did you get our +800 pips call from trading Gold? Gold may be due for a small retracement as it has met strong resistant near $1,357. They are still out to get those noobs technical traders with tight SL. (It is the BEST way to lose the game)
Make no mistake. It is very likely to go $1,400 soon. and I am waiting for ways to go long (or) add my longs! It may dilly dally for a time being.
Trade Safe
s0nic
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Base on Bullish pennant pattern theory, price target should be 1380, breakout rally was $25, from 1330 to 1355. In theory 1355 bullish pennant breakout supposedly go to 1380 (1355 plus 25 = 1380). Monthly wicks haven’t fill yet (learn about price action, you will understand what I mean). But D1 showing a rejection and weekly wicks has been filled. Which is means anticipating a retracement. Pattern theory won’t always work, but base on my experience in the past, it always work.