1. New Daily Channel
2. Hidden on
3. Bottom at 1227-1224 Region
4. William Vix bottom on H4
5. H4 Oversold
I will fully commit to longs if we make a clear break back above the important $1238 line. If not I will wait for $1215 -1200 region before I consider buying again. I have a feeling there will be another rally soon, probably after FOMC. but anything is on the tables atm since we are below the important line.
Gold can still go as low as $1224-1220 before finding support!
Target channel top is around $1290