Gold looks bull both in short term and longer term.
However, will Gold price break out 1360 in early next week?
Don't forget next Fri." NFP".
1) 1350-1355 will be tested again, if 1360 blocked, short for rally and hold till"NFP".
2) 1329 is an important support, for longer term plan, go long if it holds.
That's the strategy only. Trading depends on the technique signal to match up with the strategy.
However, will Gold price break out 1360 in early next week?
Don't forget next Fri." NFP".
1) 1350-1355 will be tested again, if 1360 blocked, short for rally and hold till"NFP".
2) 1329 is an important support, for longer term plan, go long if it holds.
That's the strategy only. Trading depends on the technique signal to match up with the strategy.
Trade active:
I've shorted at 1352.8 in yesterday.
TG1:1339
TG2:1330
TG1:1339
TG2:1330
Trade active:
My first short at 1352.8 has reached SL at 1356.
Then i continued to short at 1360.17, TG1 1355.2, if 1355 supported, pocketed some part of profits and go long for hedging for the rest position.
I can't bet on whether BOE will cut interest rates or not, but the majority of the market think it will act, since Gold price has broken out 1360 today.
If BOE won't act, 1360 will be the top in a few days.
Then i continued to short at 1360.17, TG1 1355.2, if 1355 supported, pocketed some part of profits and go long for hedging for the rest position.
I can't bet on whether BOE will cut interest rates or not, but the majority of the market think it will act, since Gold price has broken out 1360 today.
If BOE won't act, 1360 will be the top in a few days.
Trade active:
TG1 has reached!
I've closed the short position from 1363-1366.
Now it's approching TG2 1330, which is my estimated buying entry. But should be careful that the day close and week close look very bearish. If 1330 holded,we can expected a bounce to 1346 in next week.
ETF kept buying 7.13Tons in Fri.
I've closed the short position from 1363-1366.
Now it's approching TG2 1330, which is my estimated buying entry. But should be careful that the day close and week close look very bearish. If 1330 holded,we can expected a bounce to 1346 in next week.
ETF kept buying 7.13Tons in Fri.