Ranging and consolidating into wedge with bearish divergence happy trading guys :)
Gold is ranging by levels carefully observe, level by level its climbing and probably to restest further if momentum will advance. happy trading guys! :)
My major bias is bullish over all for Gold.. but my bias this week is that Gold will pull back one more time before going up again... happy trading guys!
I use Fib extension for daily and fib retracement for H4.. we're trading around 1600 price range that's good already, Gold made a statement already.. why rush so much during red times chill
the conservative trade plan has little potential and I might pass on it... but the upside spike speculation might happen, with a catalyst of economic calendar strong volatility
this was a two part trade becoz i expected resistance at 200ma but the trade plan was right please note that lines and arrow direction was pre-drawn before it happen :) (latepost)
Just to add does anyone notice the 200MA is getting closer than before