GOLD - TIME FOR A RETRACEMENT OR SURGE TO 2900

5 févr.

Gold have been extremely bullish. In a steep ascending channel and finally broke out of channel. Usually a crash awaits such structure but Gold has defied all odds to meet Targets/ Price Objectives for Cup & Handle as well as Adam & EVE on the Weekly TF (2877 - 2880).

Now considering a new high of 2895 - 2900 Price Objective for ascending channel.

On the other hand I dont rule out a dump to 2842.

Will watch PA closely as to what it offers for the remainder of the week and trade accordingly.

5 févr.

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OANDA XAUUSD.

Price Action ( Candlesticks differ from that of FXCM on the LTF)

6 févr.

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2870 forms a strong resistance. So we could see a 2845/2840 on the retracement.

6 févr.

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10 févr.

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Had a dump to 2840 and bounced off to 2895. 2900 in the waiting..

10 févr.

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