Analysis
Please see our above chart on Gold.
Our bias is that we anticipate a move back towards major daily structural resistance at 1830. We will continue to monitor gold at each minor structure and enter and exit when appropriate on lower time frames. Tackling this trade we will not be taking one trade and holding rather more multiple trades along the way to ensure we don't get stuck in case the market and scenario fail.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
Please see our above chart on Gold.
Our bias is that we anticipate a move back towards major daily structural resistance at 1830. We will continue to monitor gold at each minor structure and enter and exit when appropriate on lower time frames. Tackling this trade we will not be taking one trade and holding rather more multiple trades along the way to ensure we don't get stuck in case the market and scenario fail.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
We will continue to monitor price action and will only take the trade once we have broken back above the structural area and show aggression or test the structural zone and bounce away.
The Fx Chartist