-56 Month inverse H&S
-12 Week horizontal range
-With climbing rates and LIBOR OIS spike, conditions are conjunctive for Gold appreciation
-Expression of trade idea through XAUUSD cross as account is not sufficiently capitalized for futures trading
Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service
-12 Week horizontal range
-With climbing rates and LIBOR OIS spike, conditions are conjunctive for Gold appreciation
-Expression of trade idea through XAUUSD cross as account is not sufficiently capitalized for futures trading
Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service