Gold looks to have been rejected from two Impulse zones now.
"Impulse"=first push in a given direction that results in "Ripples".
Also, the Trump/Mueller news has reduced some un-certainty.
1304/05 will be first target and should be quite achievable.
1301/02 will be second target and should also be do-able.
Break below 1300 would then open up remaining targets.
Stock markets in Asia did not start well so that is opposite sentiment we want.
But I think US stock markets will bounce on Monday, and rest will follow.
Also, Yen is showing weakness which should indicate Gold weakness to come.
"Impulse"=first push in a given direction that results in "Ripples".
Also, the Trump/Mueller news has reduced some un-certainty.
1304/05 will be first target and should be quite achievable.
1301/02 will be second target and should also be do-able.
Break below 1300 would then open up remaining targets.
Stock markets in Asia did not start well so that is opposite sentiment we want.
But I think US stock markets will bounce on Monday, and rest will follow.
Also, Yen is showing weakness which should indicate Gold weakness to come.
Note
Boom. closed 75% of short position here .
Trade closed: target reached
Closed the rest of my shorts here .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.