cfryers67

Trade Wisely after strong reversal

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
After last evenings plummeting reversal, traders seem to be cautious buying. Resulting in a slow, non dynamic movement of trade. In my opinion, trading very SHORT is key until confidence in senior trading is resumed. However another reversal seems imminent.
I would say that the next reversal should plummet Bearish to 1345 - 1300 over next few of days.

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