If we break 1110 then its safe haven gold we go for!
IN recent weeks safe havens have come into there element and Gold is not shy of storing hedge funds deposits into this asset.
We may have a double top forming here, in which case watch for the bounce and possibly attempt to short this instrument. However, if this level is breached, then I suspect longs are in play and a triangle breakout will confirm a new trend. (Will post an update showing the triangle formation).
For more information on trading, education and fun tips please sign up to my site in the making: www.ejfxtrading.com
We may have a double top forming here, in which case watch for the bounce and possibly attempt to short this instrument. However, if this level is breached, then I suspect longs are in play and a triangle breakout will confirm a new trend. (Will post an update showing the triangle formation).
For more information on trading, education and fun tips please sign up to my site in the making: www.ejfxtrading.com
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