2 POSSIBLE SCENARIOS FOR GOLD for FX:XAUUSD by Loii

2 POSSIBLE SCENARIOS FOR GOLD.

not favoring any of the scenarios. my bottom is $1250 or $1243.

Comment:

1243 will be a key support, a break below will see $1235-1320.

Comment:

bottom can be as low as $1230

Comment:

DO NOT BUY! this has broke the bottom of the channel. im expecting atleast $1230 by end of friday session

Comment:

typo key support is $1243-1230. sorry

Comment:

Comment:

THIS CHANNEL IS STILL VALID! i long until 1268-1275

Comment:

trading scenario #2

Comment:

out of my long

Comment:

i will be waiting until 1205 or near to long again. currently got 0.4 lot shorts

Comment:

$1205 is 38% retracement from dec bottom to may top.

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