Gold... two scenarios
Updated
It seems like a decision is on its way, with the payroll today, yellow or blue will gold take?
Anyway the optimum buy/sell levels for the two paths are waiting.
Anyway the optimum buy/sell levels for the two paths are waiting.
Note
Stucked there, no deacent break up the red dashed means a sweet more down to 1220s as 1st short target, still some FOMC statments on the wayNote
Gold is almost there, a pullback or a reverse is expected from the levelTrade active
Long pending @1130 was opened with SL @1120Trade active
closed 1/4 of the long from @1130 to cover swaps and taking some profit, will add more long only if the price break and stayed above the @1250. Price may have some resistance breaking the @1220 without an upside impulse, just opened a manuall short hedging order equals half my long position hunting the pullback which may retest the lows @1150-1130 or even lower @1095, with a wide SL@1260
Another short pending order @1242 also equals half my long order from the @1130 level.
Will update the idea later after seeing the price outside the range @1250 and @1150
Good luck
Note
Blue Scenario to the end
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