The commodity is now back at the top of the corrective structure it currently is in, a break above will start another impulse up for the longer term and a bounce would see it back towards the bottom of the structure where we decide again whether to break down again for a deeper correction of the larger degree upside impulse or go back to resume the up trend. Either way it'll give a good opportunities so worth to watch it closely.
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looks like we got a bounce
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TPISC
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Thanks man, they were twice rejection on 1375 area I hope this is another time as well. Gold is a little early to go above 1390 I think but who know right?
Appreciated your works, Good luck Cheers.
piphunters
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thanks for your view, we'll know possibly tomorrow at NFP
fxfxfx
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I am expecting 1400 levels before back down to 1280, but of course, just another guess :)
fxfxfx
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I am expecting 1400 levels before back down to 1280, but of course, just another guess :)
fxfxfx
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I have a trade opened at 1330 waiting for closure soon. I am expecting 1400 levels before back down to 1280, but of course, just another guess :)
piphunters
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good luck
fxfxfx
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that bounce just cut me off with half the profits :P
fxfxfx
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that bounce just cut me off with half the profits :P
fxfxfx
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that bounce just cut me off with half the profits :P
Appreciated your works, Good luck Cheers.