Gold has hit major resistance, reversal incoming? I entered early, ignoring fundamentals for the moment.
The red slanted line is a 61.8 fibo level where gold usually rejects.
Let the winners ride! My target: 1600
Please trade at your own risk.
The red slanted line is a 61.8 fibo level where gold usually rejects.
Let the winners ride! My target: 1600
Please trade at your own risk.
Trade active:
Price seems to be respecting the pitchfork and the slanted fibo which is 4 pips up from the pitchfork line and 4 pips down from the pitchfork line. Price might break above/below the pitchfork after few more tests.
Trade active:
Gold hit 261.8 pitchfork fibo, risk-free trade now.
Trade closed manually:
Closed, enough profit for me.