In this video analysis, we strip back the commodity and break down the market from top to bottom and discuss why the commodity could still see lower prices potentially to the $1250.00 demand zone. Price has recently re-tested a key structure point and looks likely to see further downside if we can see rice form lower lows.
1000´s of ways to trade any ticker, l would be having my eyes on the Dollar and Indexes, Dollar just making a new high 1H chart and over sold, so the trend of dollar is going up long term, Dollar up Gold down even when most news is saying the Dollar should go down, Divergents on S&P and UK100 4H, so next week should see a Sell off over bought, even though many people are saying a Bear year, S&P having good runs to the up side, so Gold can go both ways how far no body knows, Gold I would be taking a safe Long @1332 waiting for price to hit @1314-1308 to see if the trend line is broken before looking for a Short. Daily ATR 12 points unless you have heaps money or heaps patience stick to ticker with higher returns.
EURUSD follow the Long Term Trend. GBP also was over bought bit early to say reversals on many tickers on the way with JPY turning upside.
Ps. Nice Thanks for your views on TV
BlueberryMarkets
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@RasMaxwell, thanks for your comment, i agree a break in trendline will be needed, the move from risk on to risk off could push gold much higher
EURUSD follow the Long Term Trend. GBP also was over bought bit early to say reversals on many tickers on the way with JPY turning upside.
Ps. Nice Thanks for your views on TV