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UnknownUnicorn540299

Short term gold

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
UnknownUnicorn540299 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
14
16
trendanalysis
Long from the box to 1313 and 1323
Comment:
Yes, its kind of pointless that it has to go to the box, but markets are meaningless as we all know :) Probably apprx 1293-94.
Reason? Because it was too much in a hurry on CPI data, has to go back to fix things.
Comment:
1292. Should reverse from here.
Comment:
As a rule of thumb I use ema 15 for trend-following.
As long as price doesn't close below, I am normally not worried.
snapshot
Comment:
If anyone sits in unconfortable longs, they will have chance to unwind them @ 1303 as this level is a "must" as comeback.
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Comment:
I wait for 1313 minimum though :)
Comment:
Please note that due to we dropped a bit longer down than what was healthy, we might test the 1289 level before we bounce up. Let's see what market gives tomorrow.
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Comment:
Today's low hit a very important "trendline" and bounced. So "it's all good" for now.
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