Gold displaying some volatility, that can potentially result in further strengthening of gold against the USD. Some correction down is possible, but looks that new highs will appear shortly.
Comments
IvanLabrie
⋅
Target in force unless we hit the black line above.
CryptoPAMM
⋅
Im seeing a correction, perhaps to 1190. lets see
IvanLabrie
⋅
That's possible, hopefully we do, it would fuel my usdcad, usdjpy and gbpcad short term shorts.
CryptoPAMM
⋅
GBP looks amazingly weak, its like you can sell GBP in relation to any currency.
IvanLabrie
⋅
Careful, only trade the pairs with the best odds from all angles, fundamental and technical.
GBPCAD is a good short term sell, GBPAUD, not sure, AUD is possibly turning weaker sooner than GBPCAD, I'd rather skip it.
GBPUSD, not a good idea, GBPNZD, too range bound, and NZD will weaken soon, the same way as AUD probably will.
CryptoPAMM
⋅
thanks... have you seen gold now? :)
IvanLabrie
⋅
Naturally. There's no resistnace between the low and the monthly open or close to it.
CryptoPAMM
⋅
This could in fact be a reversal targeting 2000 and more usd for one troy ounce of gold
IvanLabrie
⋅
I don't consider it a larger scale reversal for now, but it's possible.
It needs to cross my resistance line.
Target in force unless we hit the black line above.