My wife wasn't due home until 8pm that night so i thought i had time to get my enjoyment from my guilty pleasure! There was a knock at the door so i opened it and there she was in all her beauty, i carried her in and ripped away all what was covering her beautiful body to expose her.... I then slid on my protection and started to pound her. My wife came back to my shock and said....
"I told you not to order that punch bag off amazon! Wrap it back up and send it back!"
Now thats out the way and you have stopped laughing lets take a look at the charts ;p
After the massive bullish run from breaking 1703 which was a key resistance level it looks like the bulls need a rest and the bears are pushing back down to 1703 level to retest it as support before price bounces and carries on its bullish run.
I have a BUY order set at 1703, if you are going to take the trade then you MUST use correct risk management to avoid blowing your account! Gold is a different kind of beast.. when it moves it moves BIG
If price doesn't respect this level then i will eat my hat.
"I told you not to order that punch bag off amazon! Wrap it back up and send it back!"
Now thats out the way and you have stopped laughing lets take a look at the charts ;p
After the massive bullish run from breaking 1703 which was a key resistance level it looks like the bulls need a rest and the bears are pushing back down to 1703 level to retest it as support before price bounces and carries on its bullish run.
I have a BUY order set at 1703, if you are going to take the trade then you MUST use correct risk management to avoid blowing your account! Gold is a different kind of beast.. when it moves it moves BIG
If price doesn't respect this level then i will eat my hat.