We have clear signals that the gold bull run can continue, but there's an interesting area for a short above, to rejoin the long term downtrend with a tight entry.
We will need confirmation for the trade, since, after breaking our previous trade invalidation, the only other safe location for a stop is the monthly level at 1172.99, and that would be really wide.
So, I will wait and post my short entry when it's confirmed.
Cheers,
Ivan.
We will need confirmation for the trade, since, after breaking our previous trade invalidation, the only other safe location for a stop is the monthly level at 1172.99, and that would be really wide.
So, I will wait and post my short entry when it's confirmed.
Cheers,
Ivan.
Trade closed: target reached
