My daily target for this Month, for as long as levels are respected.
The further I look the more I understand. If we break 2330 then next stop will be at 2540, if rejected then back 1960 we go, leaving a monthly candle wick in 2330 to 2228 zone.
Gold stumbles at 1930 as it attempts to reach 1932 or higher. TIN-Algorithm registered another reversal in trend and it is now taking SELL as its new bias down to 1886.00. Initial price target 1913.47 Next 1886.15 Drawdown 1939.00 - 1946.00
TIN-Algorithm has detected another high volatility move towards 1932.37 on the upside and 1899.52 below. Whichever comes first, expect a great rebound from both levels but I will still be taking nothing but LONGS since the risk on the downside is less great than when prices hit 1932.37 (meaning it can break further). I have been expecting gold to break upper...
Supporting my previous statement, gold is now faring the risk zone for longs. Below 1900s will be my no GO zone but I may hold until then.
USD may just have drawn its last straw over XAU in an attempt to scale lower than 1910.00 Bullish progression will be more evident throughout the week with 1952.00 as its initial target price, up to 1991.00. I say it's about time to hold longs!!! Risk 1904.19
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