Looking for a pull back & rejection near $1247.00 I'm adding a sell limit at $1246.50 As the trade manifest, I'll take some profit @ 1237 & close %70 of the remaining position at 1225. I still see potential downside after final target.
So far shorting 101.50 has been a success, now I am looking the for the dollar to gain strength over he next few days. Pull back to 101.00 area indicate profit taking has most likely finished, 101.00 is where I plan to add another short, with a final target of 99.10 .
Nice break out for gold 0.64% , reaching 1233.00. From here I expect Gold 0.64% to pull back to $1214-$1210 I plan to long when the profit taking pull back is finished, in area of $1210 with a target in the monthly pivot of $1237. Sell limit between $1237 - $1240 with a target of $1171. I will update a new Gold 0.64% chart as this trade plan manifest.
Double Top & Dollar breakout, expecting a nice dive in the incoming days. Short 101.50 TP 99.00
Possible structure for Gold If analysis is correct look to short 1237 (Monthly Pivot) with a target of 1180 then back to 1200. From 1200 I expect 1080, unless bull is re-woke. Happy Trading!
LONG CAD/CHF .75230 TP1 - .7565 TP2 - Monthly Pivot .7606 TP3 - .7680 I expect CAD to gain strength over the next week or 2.
GOLD Analysis for XAU, looking for opportunity for short near $1245.00 area, with target of $1214.00 If $1214.00 holds support. I will long for a target of $1295.00
Looking to Short $1227.85 with the Target of $1214.00 Long $1210-14 with Target of $1245
If analysis is correct, we get a chance to catch it this time! Sell limit at $1250
If analysis is correct, we should reach 108.8 area in April
GOLD & SILVER move in 4,5 or 6 week cycles. From area $1200, I am expecting price to reach $945 area early May