Broken TL, so expecting further weakness. Next TP is 1.1750
Reasons to trade: + The key support level respected + Entering oversold area on 4hr RSI + negative Brexit news on the background Entry: 0.90000 TP1: 0.90400 TP2: 0.90800 TP3: 0.91210 SL: 0.89850
Gold is currently in the uptrend. From here I expect it to either 1) continue with this trend up until reaching strong level of resistance or 2) break out of this trend and fall. Here's an example of a BUY setup: Entry: 1740 TP1: 1751 TP2: 1765 TP3: 1800 SL: a drop below 1730 A setup for SELL would be more complicated, but I will be looking for signs of a...
Expecting a relatively slow push upwards all depends on the news content over the weekend TP1 1735 TP2 1745 TP3 1764 SL1 1715 SL2 1704