I think today after the ECB decision gold will start it's final rally to 1306 ( 2015 Jan high) with the weakening
dollar.
I'm still in a long position so I don't do anything.
I just offer a good long opportunity for the ones who are not in position yet.
Gold will soon produce a seriuos decline but before that it will stop out the shorts and pull in the late bulls.
Target: 1306
Stop: 1241 (300 EMA)
dollar.
I'm still in a long position so I don't do anything.
I just offer a good long opportunity for the ones who are not in position yet.
Gold will soon produce a seriuos decline but before that it will stop out the shorts and pull in the late bulls.
Target: 1306
Stop: 1241 (300 EMA)
Trade closed: stop reached:
Though we stopped out, we are printing an hourly key reversal candlestick.
If it is going to stay there I'm going to reenter in the next hourly candlestick, because I think the direction is good.
I'm still holding my long positions.
If it is going to stay there I'm going to reenter in the next hourly candlestick, because I think the direction is good.
I'm still holding my long positions.