Whats good everyone.
Taking a look at the GOLD charts this morning you can see a large manipulative wick to the upside that would've taken out any short positions.
However, if you look at the current structure of the market, Gold has just made a new Higher high and now, a new higher low.
During this manipulative spell, gold tapped the 78.6 fibonacci extension as well as a prior support zone with precision, and now looks to be heading higher.
I've got my take profit set at $1970 with a potential for $1988.
Hope this helps.
Taking a look at the GOLD charts this morning you can see a large manipulative wick to the upside that would've taken out any short positions.
However, if you look at the current structure of the market, Gold has just made a new Higher high and now, a new higher low.
During this manipulative spell, gold tapped the 78.6 fibonacci extension as well as a prior support zone with precision, and now looks to be heading higher.
I've got my take profit set at $1970 with a potential for $1988.
Hope this helps.