GOLD-NEUTRAL upside bias
The position balance was taken back at $ 1,991 and for now am neutral on it.
In terms of a possible strategy, the weekly chart still has more room lower, but only after we recover upwards. The daily pattern suggest we may see $ 2,030 again or slightly higher.
Strategy if wished for, is to SELL $ 2,030 and $ 2,060 and profit order @ 1,993 for now. Please carefully manage your leverage in these markets. the best results are small leverage entry.
In terms of a possible strategy, the weekly chart still has more room lower, but only after we recover upwards. The daily pattern suggest we may see $ 2,030 again or slightly higher.
Strategy if wished for, is to SELL $ 2,030 and $ 2,060 and profit order @ 1,993 for now. Please carefully manage your leverage in these markets. the best results are small leverage entry.
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