i m seeing potential bearish bat,potential bearish abcd with the confluence of trendline at the D area , also a good structure on the left at the Darea which could be a good resistance . Also i am expecting it to range between 1173 - 1204 area for the coming week..
Range to trade for the coming week: 1173-1204 Long from 1173 to 1204 Short from 1204
Definitely a valid projection in my book...I get a similar range target using time at mode.
I'm a bit scared of shorting gold right now though, but I do follow it closely as part of my intermarket analysis.
I'm a bit scared of shorting gold right now though, but I do follow it closely as part of my intermarket analysis.