We expect upside breakout on gold market
Market yesterday has completed our short-term ultimate 1211 target and we need to increase scale of targeting.
While our medium-term expectations are 1240-1250 area, in shorter term we have 0.618 AB-CD extension above recent top.
While market holds 1200 lows valid and stands above re-tested trendline, we're looking up.
Currently price action mostly points on upside breakout attempt and reaching 1217-1220 area, depending on amount of stop orders above "B" point
While our medium-term expectations are 1240-1250 area, in shorter term we have 0.618 AB-CD extension above recent top.
While market holds 1200 lows valid and stands above re-tested trendline, we're looking up.
Currently price action mostly points on upside breakout attempt and reaching 1217-1220 area, depending on amount of stop orders above "B" point
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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