The ladder is empty
Updated
=> Here we are updating our gold chart after a very bullish break of the consolidation range.
=> Those following our telegram have been tracking this break with us live and with a helping hand from risk-off via bond flows we managed to sweep 1190 -> 1220 in a matter of hours.
=> From a technical perspective the inverse head and shoulders pattern has completed and we are actively tracking 1237 for our next targets.
=> Unless there is a sudden change of events concerning the US mid-terms we are set for some weeks of "risk-off" and with inflation we are unlocking 1300 for a test.
=> After 1237 there is some soft resistance at 1266 with a very key and steel resistance at 1282.
=> Good luck to those trading this one and well done to all members in the telegram for enjoying this ride.
=> Those following our telegram have been tracking this break with us live and with a helping hand from risk-off via bond flows we managed to sweep 1190 -> 1220 in a matter of hours.
=> From a technical perspective the inverse head and shoulders pattern has completed and we are actively tracking 1237 for our next targets.
=> Unless there is a sudden change of events concerning the US mid-terms we are set for some weeks of "risk-off" and with inflation we are unlocking 1300 for a test.
=> After 1237 there is some soft resistance at 1266 with a very key and steel resistance at 1282.
=> Good luck to those trading this one and well done to all members in the telegram for enjoying this ride.
Trade closed: target reached
A very good example of trading the bottom of a swing. I hope all enjoyed the move.
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