If you don't know what the Wall St. "Cheat Sheet" is, please google "Wall Street Cheat Sheet"
What the Wall St. Cheat Sheet is, its the psychology of the a market cycle,
when we start with the market cycle, we go start with disbelief, then as it rallies, we experience hope, optimism, belief, thrill and finally at the peak we get euphoria.
As the market...
Gold has broken consolidation, waiting for price to retest the broken zone,
also retesting the bearish trendline to short @ 1292.32
TP is going to be the bottom of the previous range. @ 1289.27
See chart for notes.
Break in bearish trendline, and retest in previous demand area; Retest broken trendline(last kiss)
Looking for retracement back to 3.50 USD @ 62 fib before adding more orders.
