Gold looks to have been rejected from two Impulse zones now. "Impulse"=first push in a given direction that results in "Ripples". Also, the Trump/Mueller news has reduced some un-certainty.
1304/05 will be first target and should be quite achievable. 1301/02 will be second target and should also be do-able. Break below 1300 would then open up remaining targets.
Stock markets in Asia did not start well so that is opposite sentiment we want. But I think US stock markets will bounce on Monday, and rest will follow. Also, Yen is showing weakness which should indicate Gold weakness to come.
Comment
⋅
Boom. closed 75% of short position here
.
Trade closed: target reached
⋅
Closed the rest of my shorts here NY about to open an I think they will buy