GOLD Outlook
Updated
#Gold, it is creating lower low + July long term TL has broken. 1280 area is a critical level, a break of that will definitely back to 1272 low.
Long term wise, I am still upside for this pair, beyond 1357 high.
Current market spotted possible elliot wave forming. Currently price is retesting the previous TL, becareful.
Long term wise, I am still upside for this pair, beyond 1357 high.
Current market spotted possible elliot wave forming. Currently price is retesting the previous TL, becareful.
Note
Price spiked below 1285 just now, created fresh monthly low.Trade active
Gold hit 1278 low, 1280 seems to be a good support.A BUY has been executed @ 1280, TP 1295~1300 ; SL 1275. (+100pips now)
Note
Gold spiked up to 1310 and make a same day U-turn back all the way down to Fibs level 127.20% hit @ 1264 area.BUY executed, instantly retraced +100pips back to 1274.
Trade active
BUY trade still holding, + 220pips now.
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