Great buying opportunity has arrived, lets buy some gold in this area for 1309 area. USDJPY has become over extended and has entered into a great short opportunity and US 10YR Yields has also become over extended. Green pips to all
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We are seeing some pretty good consolidation in this area, nothing has confirmed yet so continue to monitor the downside with a SL.
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making great progress, nearing our first tgt 124X
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UJ has now broken down past support, XAUUSD also broke out of the range 1216-1226 and gives us a clearer indication that we continue towards 1240.
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MACD is now about to cross which confirms buy signal for me, 1240 1st tgt
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MACD crossed now (see red arrow), there may be some bumps but overall we are now in bullish trend again 1st tgt 1240
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I am currently all cash now, I closed my longs at 1233.XX yesterday after the close, price action made me believe that we were going to pullback so I decided to take profits and await new entry, but the health care news surfaced and gold got some more legs. Awaiting pullback from 1240 to find new entry.
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closed position on trailing stop 111.00 awaiting new entry
Trade closed manually
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hit 2nd tgt, the technicals are looking like we may see gold rollover here so I am all cash and looking to go bear.