From chart, we can see the comparison between the breakout in 2009 and 206. Retrace happened after each breakout but in 2009 the price managed to stay above the last high. Now I am watching the 1307 level closely and expecting that it will keep above this level. However, a move down below 1307 will still not change my long view on Gold. My long positions have a...
Things never change better even it revisit a high in April, 0.70 in sight soon.
Things can be really terrible for Brexit, getting worse if the price revisit 1.38 area.
I am planning for a long entry after we visit 115 level and bounce.
After a bounce from the trendline, we have more reasons for a Gold0.22% long. Three routes are possible in my eyes. I'm not sure if there will be another downward run, but the market is waving a clear bull flag, which i will trade. trade with care!
This pair is in consolidation mode with a forming diamond pattern, will have a huge move soon.
might be good opportunities for longs, worth to try if you have strategy to trade breakout. simplicity works the best.
This pair is in a correction mode forming a triangle, expecting to breakout soon. I am waiting with patience.
Expecting 1 more leg down to 1.06x area, I support scenario 2 for more probability, will see in coming two weeks.