G-Labs

G-Labs

Gold currently at discount within a range from a HTF PFH and now looks like it will go the the lower 25% of range to move lower now that its collected some liquidity

G-Labs

I feel that we could see some bullish continuation up to fill the inbalance above price to the nearest resistance above it. I am cautious though as we may well re-visit yesterdays low

G-Labs

price to pull back to daily open and push down towards previous months lows and towards 3x ADR to complete current cycle

G-Labs

a few pips for small risk slightly risky

G-Labs

short with tight stop loss

G-Labs

risking a short here , thought i have a stop loss in here so im happy with risk

G-Labs

s/l above swing high short from open with target as on chart

G-Labs

lets see if we go back up from here or if we continue down . stop loss in place lets see ;)

G-Labs

Although we had strong momentum down approaching support level and looking oversold so although risky im going long with tight s/loss with small volume risky and i may be wrong lets see what happens

G-Labs

Not the most amazing of positions as s/l is not in the greatest of place with regard to p/l ratio 2:1 but placed it in the nearest technical area with t/p at swing low

G-Labs

After strong US data friday i expect market to go further down to swing low , then retrace . Unless support holds and we retrace from this level of support though unlikely due to data and the momentum behind the close candle on friday . Feedback welcome as im new to this site .

G-Labs

incorrect as was reading data that has already happened please see other chart i updated and published around the same time . the perils of charting just before bed !

G-Labs

i think it looks to be so low that i think a correction is coming