New Gold Update And The Next Stop For Gold
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cancel/pending plan few minutes before news! (Medium/high impact news)
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
So I trigger in long on market open I manage to get 3/4 my position around 1807. Already in nice profit. I have revise my target as the 1.618% fib @ 1858 area. Makes sense to me looking at the bounce from the below 141.4% fib. Stops at 1805 just incase market changes its mind!!
If it can stay below the upper triangle line, I reckon XAU will keep falling to the potential target one and two in the next few days.
This analysis based on the technical analysis only, and this analysis fails if it can break out and close above the upper triangle line.