Gold in CNY aggressively moving higher
Updated
The rally is moving at full speed as expected and we are in the impulsive stages. The main targets for this 3rd wave comes into play at 10127.76 with potential for a 5th wave to continue for the jackpot at 10567.33. A very good chart from a technical perspective, we have discussed Gold on the fundamnetals side in many of the attached charts and will not be covering that here today.
This has room to continue extending, long through the 9500/9600 next with the 10127.76 in focus. Invalidation comes in at 9200.
Best of luck those in Gold or playing it via CNY.
This has room to continue extending, long through the 9500/9600 next with the 10127.76 in focus. Invalidation comes in at 9200.
Best of luck those in Gold or playing it via CNY.
Trade closed: target reached
First targets cleared in Gold
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