As I have a UJ long in mind, I thought I'd coincide this with Gold
Reason for shorts, other than UJ longs,
1283 staying above weekly support, however slightly rejecting around 50% fib level.
I believe price could come to 1289 to previous weekly resistance and create a bearish flag pattern.
A measured move clone, lines up exactly at the 100% fib, furthermore the 1.27 lines up perfectly with a strong monthly/weekly S&R line.
Target 1 - 1267
Target 2 - 1257 (300 tick trade)
Reason for shorts, other than UJ longs,
1283 staying above weekly support, however slightly rejecting around 50% fib level.
I believe price could come to 1289 to previous weekly resistance and create a bearish flag pattern.
A measured move clone, lines up exactly at the 100% fib, furthermore the 1.27 lines up perfectly with a strong monthly/weekly S&R line.
Target 1 - 1267
Target 2 - 1257 (300 tick trade)
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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.