I believe this pair is ready to have a little retracement. to at least the Monthly may even go the the daily support. either way I have a nice stop loss.
It looks like Gold is ready to continue its downside trend after a few months to the bullish side. I still believe that Gold still has to fall even more before we can see a bottom. The rejection of my resistance level continued the LH pattern I have been seeing. A break of the 1303 level would cancel this trend.
Target - 1086 Area
S.L - 1323 Area
Note. - I am...
It looks like price has rejected the 105.548 price area. The last time price was at this level was Oct 2014 and price hit this level and continued to rally to the bullish high side. This has now happened again and I believe this pair could very well make it way back up to the 123.000 price area but that too forward think for me at the moment. For now this long...
After a clean break of the 0.73375 area and a continuation to the downside the next target I have for this pair is the 0.71310 level. I may see a strong rejection of that level once price gets there but I will wait for that when and if the time comes. The 3 weeks of bearish movement don't look like stopping atleast for another week.
I enetered this trade on...
