I think gold is bullish long term so it is good to stack up those buy orders..
Well it did broke the neckline and reached the target, but possible retesting on the neckline and bearish continuation maybe..
Two scenario for those who entered late and didn't short.
Now with this, lets wait and enter the market.
2 Scenario but at the end I am still looking for bullish opportunities.
Super Bullish trend? Share your ideas just comment below.
Time to Long! Those who set buy limits around the main support good job!
Buy Stop, Sell stop would be a good strategy while waiting for the direction. Note all the support and resistance specially the targets.
Wait for the breakout before entering. Green pips everyone.
Still waiting for confirmation for long term entries but for now scalp those pips while you can.
I don't think it will go below 1470 this week. I'm still expecting gold will go up to $1560++ and will continue until China and US will settle there issues.
Is the market getting ready for this friday NFP? Is it a breakout or a bounce?