Here we are tracking Gold as risk enters back into play as widely anticipated since Turkey/Syria combo headlines flooded the wires this weekend. To top it off we have risk from US-China trade later in the week, Brexit, and Canadian elections to name but a few...
On the technicals we can place our stop below the barrier at 1485 as it has become support while for our targets we will use a simple fib extension targeting the highs at 1547.
Remember we also have JPY in play:
Best of luck all those in the flows, with a pinch of luck we will have a home-run swing.
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NY bidding the open and Gold breaking out
Trade active
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Eyes on Gold for the open
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Softer inflation slowing down the move ... range held and with Fed cuts Oct 25bps a done deal the targets remain in play.
Trade closed: stop reached
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Stops were too tight to hold the loud political noise.