Just an update to my last chart. BO confirmed and on our way! Long trade been active since 1236 :-)
See StochRSI. Looks like we have much further to go to the upside; DXY is polar opposite. Much bigger move up due, but careful there will be a pull back by Monday.
Happy pips traders!
See StochRSI. Looks like we have much further to go to the upside; DXY is polar opposite. Much bigger move up due, but careful there will be a pull back by Monday.
Happy pips traders!
Comment:
Looking at the PA I'm not convinced there will be any pull back. This doesn't feel like a usual rally, nothing else to go on here but a gut feeling. Long trade remaining open over the weekend. Final price could see 1400 in Jan perhaps.
Comment:
On further consideration there's no way XAUUSD will drop all that much. FED delaying rate increases and the miserable Brexit vote on Tuesday is a recipe for gold to push higher. Indeed 1400 is not unrealistic for Jan. Safe trading.
Happy profitable trading :-)