Another FANTASTIC day of trading with our SELL from the top and then the spike up HITTING our Bullish TARGET of 1664, which we called this morning. We are now seeing the rejection at our resistance structure with the price wicking out from this resistance level back into our range heading towards yesterday's low. This means all our levels are still valid to track and trade once again.
We are now out of all positions and waiting patiently like we said for this drop to complete and then we can take a nice ride up from a tested support GOLDTURN confirmed with our VIP signal.
The Fed have hiked interest rates by the amount expected. Geopolitical tensions will remain on the Ukraine/Russia front and we should also see tailwind action for gold on the North Korea front with the missile tit for tat getting increasingly worrying. As always, we'll trade it technically.
BULLISH TARGETS 1651 DONE 1664 DONE 1672
EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN 1691, 1699 AND 1718
BEARISH TARGETS 1641 - DONE 1632 - DONE 1625
EMA5 CROSS AND LOCK BELOW 1625 WILL OPEN 1616, 1607 AND 1597
SWING RANGE 1626
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!