In the current environment of uncertainty it seems reasonable to think about gold. After the last attempt to break the POC around 1276 that took us to the 1360 peak, retrace with last two bottoms are showing an Adam and Eve pattern with strong support at the aforementioned POC. There is also the Gann 0.5 angle that seems to be holding.
Let's see how market reacts to the tax reform and keep an eye on DXY and SPX.
Good luck and thanks for your comments.
Let's see how market reacts to the tax reform and keep an eye on DXY and SPX.
Good luck and thanks for your comments.
Transaction en cours:
So far so good.
Commentaire:
Notice that the angle support was lost but price still holding above poc. Would need more confirmation to get back in.