15 August 2014 - Friday We have A Support Confluence Area of Ratios at 161,8% Golden Number, and 1,44% ,Before a Bearish rally of 520 Pips aprox, we ca expect some Correction of the previous Daily Leg Long positions with tight SL, and TP1: $1,6745(50 PIPS) from current price (1,6690) Good luck, and happy weekend.
The Gold still in a Tight Neutral Range, in my humble view .. the 38,2%($1306,33) can be the next Target for Short positions From $1317/19, the Break of this level can open the Door to the next Floor, and confirm the Bearish rally , We can see easy a Kind of Triple Top in 4H charts PLUS to think in possible shorts. Very interesting scenario for next days &...
We have a down trend channel, and DAILY SUPPORT 136.40/50, and UpCHANNEL 1H, Tp for long 161,8% were the ABCD may be completed to launch some Shorts. The breakOut of the uptrend in 1h can open the Breach to the 61,8%, ,50% Good luck !
Waiting for the 1,67 if th bearish presusre continue, need break the B Area of Support. the bounce in this level can be good for Long shoots. :) in MY Humble View.