GOLD XAU USD :: inside the critical area
Updated
Observe the hands drawn pointing up or down. Looks like we are trading inside a critical area with several rejections in both sides.
We are on the verge of a reversal IMHO in spite of bad NFP data that send GOLD up and USD down.
I will add some more shorts at 1850-55 area, hedge anything above 1880.
Risk management is essential, all the best fellow traders.
We are on the verge of a reversal IMHO in spite of bad NFP data that send GOLD up and USD down.
I will add some more shorts at 1850-55 area, hedge anything above 1880.
Risk management is essential, all the best fellow traders.
Note
If we can close below 1820 we could continue falling to 1797 level followed by 1765. On the other hand we may have a new test of reaching 1850-55 area.
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