As you can see, price is struggling to get back in towards that POC at 3382. Our down trendline is also holding.
This fail will take price towards our retracement target.
If bulls prevail and we are able to break in, I'd still be very careful on any swing plays for it as it is likely it will be a bull trap and price will then continue towards our retracement target.
MGC1! I am expecting a retest of the trendline break, and as a alternative scenario, If the breakout is a fake, we could see a scenario like the one showing in the chart happening.
We got a break of our uptrend, so Now im assuming we hit our Wave 5 target.
For a retracement, Im expecting wave A to end around that 3300 level, followed by a choppy retracement towards 3355.6 and then a continuation towards 3252-3208.
GC1! Pump it !!..Unfortunately i moved my SL to entry in anticipation of ADP news this morning, and off course a pretty little wick came to hit the stop to the exact tick and shot right up lmaooo..Will have to wait for 15mins pullback to into the ExoCloud re-enter the uptrend.
GC1! Gold long position still looking good..Will consider exiting earlier cos ADP news is coming in the morning. Dont mind holding this for the next few days.
MGC1! The retracement is still playing.
