Sorry for the different charts. For some reason my TV charts not being saved between my home and office computers... :( This level is important.. breach the green box will start a short term waterfall to two targets.
The market maybe digesting what Article 50 is all about, hence I come out with another intraday trade to cover last 2 trading days of the month. We have a good week, all trades are in profit. Even not much because the Gold generally ranging, imo. Although I call for higher gold, but I am getting cautious now. Because it seems that we are consolidating. Go long...
With tight SL. Please refer to my main idea.
Nothing much to explain here. After it break the range for about a week, it is bullish. All pullback should be bought, unless, it broke down 1242 area. Will we reach 1278 this week? I think so. I am a trend trader and usually, I only enter trades at mid-week. So I have no comments for now.
Gold is now on the bottom of ascending channel, break and it will pullback, or it become a launchpad to launch higher. GL. Dont add position yet. Above 1250 solid close is to aim higher.
Gold has a nice run upwards... I still have long to 1256 and 1262, with SL of 1245. Break 1244, I am looking for pullback to 1237 and 1234 area. Good luck.
We are at an important historical area now. Be prepared to see burst either way. This move will last weeks to months to hit either target.
Gold in the middle of the road now. Break either direction and we will see movement. Stay aside for medium term now.
I want to see gold lower and reload long at the three following locations. Knowing Gold bullish behaviour, I would be careful to short it. Short at your own risk. Better move is to long near previous high.
This is what I observe. Gold is continuing correction, for the next leg up, or is it? 1227 area is the confluence of short-term trendline and and 61.8. Watch the price here. If it breaks through, Gold might need to correct further down.