There isnt a single thing I see about this trend that says, its time to buy. On the ABCD since February, it has not touched the .382. For this to be a true bull turn around. EUR/USD has to take out the 1.15. Anyone think that will happen here?
Please anyone, tell me where there is key resistance broken.
If this fibo retracement is accurate, gold just hit the 382 retracement. This may mean it will climb up to the 1252.
Putting very little on this one with a tight stop.
If you pull to the daily or four hour chart. There is a bearish trendline. Todays peak hit right on the line I had drawn out since last week. In classic impatient n00b mode I kept going in too early not trusting the chart. From here it did not break the longer trendline. I placed two positions to sell right at this line with a tight stop at 1.1020. I was quite...