watpak

GOLD Bumpy, will it go up or down?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
81 0 5
Dollar strength is enormous and hit gold             with fatal..
above 50% retrace 1120 might have possible clear signal for uptrend...
if scenario get lower:
1- 1163.10
2- 1152.77
3- 1141.22
are my plan taking deep long position, its better to stay safe with your capital and go with the flow
Comment: early strong move gold, now possible to retest 1120 while taking advantage from bleeding of DXY or otherwise drop back to bottom while DXY on pullback
Comment: new low for gold bit more lower to take 1st buy position at 1163.10 and we good for fly high or taking 2nd and 2rd postion buy.. SL below 1130.00
Trade active: 1163 buy position taken... target 1210.00
Comment: still in bad shape, 1163.10 and 1152.77 has been activated and looking for answer tomorrow catalyst period FOMC
Trade active: after catalyst last night rate hike my sl almost hit...
Trade closed: stop reached
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