Gold trade idea 25/12 / 24

Asian saw us have a pullback to start the week of c600 which sounds large until you factor in last weeks gold candle closed bullish around 1,500 pips due to new fear uncertainty and doubt surrounding Ukraine/Russia. And so a 50% correction was expected.

That does now however give us a 500 pip range to play with back to the Asian highs of c2722.

Trade ideas:
Buys:
- 2676
- 2686
-2697 and 2707 with the overall take profit being 2715

Bias would only change to bearish if we saw a break and close on the 30 or higher below 2655.

Please also take into consideration Thanksgiving and the end of the month which can cause extra volatility.

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