GOLD possible fakeout / breakout
Aktualisiert
GOLD looking to retest previous resistance trendline and 200day EMA, should offer strong support around 1855-1856.
In the case of a break below, GOLD is set to resume it's downward channel and I will start looking towards the 1800s.
If it holds, bulls are very strong and will likely target ~1890.
Keep in mind today is NFP day, so anything can happen.
Prioritize managing risk.
Good luck and happy trading! :)
In the case of a break below, GOLD is set to resume it's downward channel and I will start looking towards the 1800s.
If it holds, bulls are very strong and will likely target ~1890.
Keep in mind today is NFP day, so anything can happen.
Prioritize managing risk.
Good luck and happy trading! :)
Kommentar
Small update: NFP has sped things up a little. The resistance trendline has been hit and might even be broken before weekly endTrade wurde manuell geschlossen
Closed some shorts at 1855, looking to break down below these levels.
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