Another trade against daily timeframe trend. See notes on charts.
Trade attivo
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Trade activated at 11:00AM (UTC+1/ London time). currently around 70 pips in profit. As previously mentioned, this trade is counter trend. Continuing with analysis of current price action for signs to exit early
Trade chiuso manualmente
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Price found support at 1305 region, as this is counter trend trade, i am proceeding with caution and closing the trade, with potential to go short again later in the week.
Trade activated at 11:00AM (UTC+1/ London time). currently around 70 pips in profit. As previously mentioned, this trade is counter trend. Continuing with analysis of current price action for signs to exit early
SandiAlexiz
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Wow. Lots of chartists are still thinking this is going up to 1381 before a correction. We'll know soon. Thanks for your insight.
UnknownUnicorn805655
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@SandiAlexiz, yes, long term i am would not be surprised if gold reaches 1400/oz but, on the short to mid-term i am anticipated a further move to the downside before that happens (perhaps NFP at the start of October will put this back on track to reach 1400) - as you say, we will know soon and thank you for your interest :)