Possible Scenarios To Prepare For
Scenario #1 Bullish Start With Dollar Falling Steadily
Gold breaks through 1890 and starts its strong push past 1900 in this scenario 1880 would not be able to be broken once gold pushes past 1900. We could see 1950 again or even higher. I would expect 1950 to act as a strong resistance and traders to take some profit here....
We had a great week last week going long but now with the historic trend line visible on the weekly and monthly we see possibility to fall back for the time.
We have been having multiple impulses higher and higher yet I believe we are a bit over extended for time being and the best risk to reward ratio would be waiting for a pull back to go higher. This could...
