scenarios: a) it goes down directly from here (yellow line) b) it goes down after touching the next higher line above the yellow one targets: 46.76, 45.82, 52.59
a) it could drop right here, because of structure left b) it could form the wedge in red and then drop
I'm long gold here. SL 1300 TP1 1358 (take half profits here) TP2 1379
fib ext. 1.414 is the target - short term retrace
with or without brexit, fundamentals are what they are.
just a retrace, looks unsustainable for now...
It was a pixel perfect bounce on the 1h
The one and only indicator you need for the next few months. 10 and 20 monthly MA. I came here to drink milk and short the spx.. and I just finished my milk!
lines up with my dxy, and oil expectations.
since DXY and EUR/USD gonna bounce and resistance level & fib level on oil was reached.
risk off time, dxy will rise
risk off time.. expecting 1300 test soon.
target 1 2074.3, target 2 2069