#Gold, it is creating lower low + July long term TL has broken. 1280 area is a critical level, a break of that will definitely back to 1272 low.
Long term wise, I am still upside for this pair, beyond 1357 high.
Current market spotted possible elliot wave forming. Currently price is retesting the previous TL, becareful.
Long term wise, I am still upside for this pair, beyond 1357 high.
Current market spotted possible elliot wave forming. Currently price is retesting the previous TL, becareful.
Comment:
Price spiked below 1285 just now, created fresh monthly low.
Trade active:
Gold hit 1278 low, 1280 seems to be a good support.
A BUY has been executed @ 1280, TP 1295~1300 ; SL 1275. (+100pips now)
A BUY has been executed @ 1280, TP 1295~1300 ; SL 1275. (+100pips now)
Comment:
Gold spiked up to 1310 and make a same day U-turn back all the way down to Fibs level 127.20% hit @ 1264 area.
BUY executed, instantly retraced +100pips back to 1274.
BUY executed, instantly retraced +100pips back to 1274.
Trade active:
BUY trade still holding, + 220pips now.