No chance for you.
The trend of Gold is still DOWNTREND.
Look at on the chart: GOLD met a lot of strong resistances: SMA200+EMA50, Two . levels + Fibonacci Fan levels. I still not count Kumo cloud of pattern and even Nine levels.
Moreover, The FED Interest Rate Decision on Wednesday would have a significant impact on Gold price. I surely the decision would weight on GOLD .
I expect Gold would be down to 1268 level I show on the chart.
Time will tell, trade safely :)
I have been sticking to technical analysis and my own method for 5 years now. So tech for me :P But each to their own boss.
Take care ;)
Trading using onlyTA look like you dirve a car without fuel, you could be the best in driving, but your car has no fuel, useless.
You favor TA just because you cann't understand Macro economy , cann't understand Fundamental.
to be good at TA, very easy, Google, you get everything. two or three months, you be an expert in TA, but to be expert in FA, not easy.
You choose the easiest way. Most traders follow that way.
Some people crack me up...
I never said it is perfect, I have lost many trades, blown many accounts, but now, I am on a winning straight, and have been for quite sometime now.
This is my last reply as I can really be arsed arguing with a peasant...