The commodity is in a large corrective structure and it's looking more likely that we break down, a smaller degree break inside this larger structure has already occurred to the downside and will give a nice opportunity to go short and wait for a larger breakout once confirmed. Once at the bottom trend line, a break from here can send it falling towards $1200.
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Kommentar
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we got a break and if confirmed should get us below $13
Kommentare
Deepwhite
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Can you go back to 1326
piphunters
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yes it can go since we can expect correction on Monday
Deepwhite
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ok Thank you piphunters
piphunters
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you are welcome
KC_CWG
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awesome markup!
piphunters
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thanks!
piphunters
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piphunters
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$1200 on the cards once again
Awon
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Yeah, i also prefer selling. But 1200 a bit far. i continue notice ur xauusd's post
piphunters
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if we get a very good NFP reading it cements the FED rate hike case and there is no reason why we can't go to such lows, the monthly chart has plenty of room to either side.