Gold had a lot of bearish momentum this week after a nice push to the upside. I think we will get a nice retracement buy to the 61.8/ 78.6 area before another push to the down side for a complete correction and pick up of last months savage drop due to NFP.
last gold setup played out perfectly - hoping for the same here! happy trading and remember risk management! keep eye out for reversals and consolidation in the zoned areas.
last gold setup played out perfectly - hoping for the same here! happy trading and remember risk management! keep eye out for reversals and consolidation in the zoned areas.
Comment:
Scalp Tp 1 and 2 were smacked, still holding for target on bullish retracement - Gold is fighting this zone and Point of control at 1754 and resistance at 1757. opportunity for early buy here just be careful, price action is savage this morning.