I believe we are going long on gold i will be taking a position around 1928-1930 for gold with a 40-50pips stop loss. If I get stopped out on that position will be looking to re enter around 1920 with a 50-60pips stop loss. Tp1 ideally would be 1950 and then 2050.
Looking at higher tf like monthly a weekly we see a strong uptrend so i a more bias on a long opportunity on a pullback to 1720 which i will long to 1800. 1750 still needs to break which i believe it will. There should be a lot of profit taking and orders filled in that region which will most likely bring gold down a bit for correction. I will look to short 1808.
I see pound losing strength and daily support see to have broken. will enter short on pullback and ride for 150pips and hold second position for a longer goal.
