technical say ,AC and stochastic daily is green so gold must go up ,frist touch fibo 61% 1833 this week then fibo 161% ,so we must looking for buy in deep
bad scenario= if low break 1764 , gold can go to 1600 area then 1500$ !!!!!!!!
so if you have open buys, 100% put hedge sellstop in low
if you have open sells( daily chart main trend still is +++) , put SL or hedge buystop on friday high , break high mean big + trend will start
COT data on gold futures and euro futures by big banks, fund managers
prnt.sc/22rf378
prnt.sc/22rev26
bad scenario= if low break 1764 , gold can go to 1600 area then 1500$ !!!!!!!!
so if you have open buys, 100% put hedge sellstop in low
if you have open sells( daily chart main trend still is +++) , put SL or hedge buystop on friday high , break high mean big + trend will start
COT data on gold futures and euro futures by big banks, fund managers
prnt.sc/22rf378
prnt.sc/22rev26