Gold to extend lower from a corrective channel?
Gold - Intraday - We look to Sell at 1882 (stop at 1896)
Inside Soldiers have been posted on the daily chart.
Trading within a Corrective Channel formation.
Intraday, and we are between bespoke support and resistance 1843-1895.
The 261.8% Fibonacci extension is located at 1841 from 1886 to 1868.
Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 1843 and 1835
Resistance: 1881 / 1886 / 1895
Support: 1858 / 1843 / 1835
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Inside Soldiers have been posted on the daily chart.
Trading within a Corrective Channel formation.
Intraday, and we are between bespoke support and resistance 1843-1895.
The 261.8% Fibonacci extension is located at 1841 from 1886 to 1868.
Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 1843 and 1835
Resistance: 1881 / 1886 / 1895
Support: 1858 / 1843 / 1835
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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