I've managed to get a nice entry on Gold off of 1300 Resistance level and the 61.8 fib retracement.
-You can still enter off of the Daily Close.
-Before meeting my extension at 1250, I do see Gold heading to the Daily Uptrend/1275.000 first to make a pullback to 1290 for another leg down to my -0.27 extension hopefully.
-I will hold my trade, take some profits at 1275. If reversal patterns to form at 1275 I will look to hedge and buy at 1275 to 1290 and possiblyopen up more short positions if a Counter TrendLine does break and retest.
-You can still enter off of the Daily Close.
-Before meeting my extension at 1250, I do see Gold heading to the Daily Uptrend/1275.000 first to make a pullback to 1290 for another leg down to my -0.27 extension hopefully.
-I will hold my trade, take some profits at 1275. If reversal patterns to form at 1275 I will look to hedge and buy at 1275 to 1290 and possiblyopen up more short positions if a Counter TrendLine does break and retest.
Trade closed: target reached:
Target 1 hit +250 pips
Trade closed: target reached