Pls refer to my main ideas. 60, 58, and break below 54 is a good short addition.
I am still bullish. Will monitor PA until Tue/Wed to re-enter. This big gap is due to French election I believe. 65 is visitted, That's the retracement that I am looking at since last week if it break the middle uptrend line.
Shorted at 65 Gold has broken triangle. SL at candle close at 1268.
Will monitor more for further clarity. Please refer to my main idea.
IMO, we are at the middle of the road now. Will share more once market starts to move.
I decided to close my position for $1 profit to see further clear direction.
Be safe, watch where gold go. I am still slightly bullish for this week. But we cannot ignore bearish move. Above 85, we shall initiate Long with same target of the week. Solid 4H close and I will plan for short setup till next week.
Price Actions for the past weeks is showing bullish and cracking some important resistance. I am looking at 13xx within this week. There are some pullbacks area to watch (purple boxes). Go slow on Mon-Tue. I suspect the main action will be on Wed-Fri.