Short
H&S GOLD
US Manufacturing activity expanding at fastest rate since late 2018, growth in new orders jumped more than 6 points - highest since 2004
Reopening of businesses and improvement in consumer demand that left inventories depleted are boosting manufacturing in US
All this lead to dollar reversal yesterday with continued expectation into the week
From technical aspect Gold forming based head and shoulders formation in conjunction with ABC corrective move
Break below neckline could see further downward movement
Reopening of businesses and improvement in consumer demand that left inventories depleted are boosting manufacturing in US
All this lead to dollar reversal yesterday with continued expectation into the week
From technical aspect Gold forming based head and shoulders formation in conjunction with ABC corrective move
Break below neckline could see further downward movement
Trade active
1st TP taken 1949 2/3 of position still open at break even
Trade active
1/3 of position closed leaving last third for a runner...fingers crossed!Trade closed: target reached
Full Position CLosed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.