- Gold markets have broken down just a little bit during the trading session on Wednesday, reaching towards the 50 day EMA before recovering again. Now that we are above the $1900 level, it looks like we are ready to continue to go higher.
- This is a market that I think will go looking towards the highs again, but we needed to scare off the “weak hands” in the marketplace. Furthermore, a lot of this may have been due to the US dollar surging higher during the trading session on Tuesday. We have seen that move pull back just a bit, and that has been reflected here as well.
- This is a market that I think will go looking towards the highs again, but we needed to scare off the “weak hands” in the marketplace. Furthermore, a lot of this may have been due to the US dollar surging higher during the trading session on Tuesday. We have seen that move pull back just a bit, and that has been reflected here as well.
Trade closed: target reached:
1st target achieved!
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