Dollar has successfully consolidated above 105.29, which encourages prompt usd to push market further till 106.50 ....Buying usd around 105.50 at this time will reward 4 times than the risk. Always do your own analysis and then trade...Don't trade blindly on anyone's saying !!!
I am not encouraging any one to buy Gold at this point...as its a consolidating phase....but when structure fully prepared then buy gold around 1860/63 till 1906 ....break of 1873 and retracement till 1860/63 will enhance the idea to go for Long with my mentioned figures...... Always do your own analysis and then trade...Don't trade blindly on anyone's saying !!!...
Many are confused with Gold pattern...I tried here to Clear the confusion. Gold is in Uptrend since last 190 days,,what we are seeing here is just the retracement (Fibonacci Retracement and Extension are attached for your help)...I have also suggested the coming target for Gold..while Mirror is also identified..I tried my best to rid my Fellow traders from...
The max retracement at 1.1078 has already been done...though i expected it to go at 1.1030 but it did not....Now look forward until 1.1260-80 max ... (keep in touch with me i will suggest the sell setup later, when it reaches to our TP) .. Thanx