Our LONG setup (GBP/USD of November 23rd) has developed very nicely. The reaction low (November 27th) was hit exactly on target. Our deposited movement high (December 04) is just being dealt with. The price target of USD 1,34386 was exceeded by far and is currently at the resistance level that has existed since December 2019. We recommend profit taking and a...
"Bite" first before moving in..
The low has arrived with a tolerance of one day (on November 30th). After the break, the support confirmed for several months, the gold price (XAU/USD) reached a movement low on Monday November 30th, confirming our deposited turnaround date (with a one-day tolerance). In our analysis of November 14 (13 days in advance) we had already pointed out the movement...
Detail @ The Chart
Detail @ The Chart