Finding out the reversal trade is an ability. Following the trend is an ability. Using them to make positive pips to create wealth is an ability. Now on daily chart, gold is making a healthy correction from last top, this is a good sign of further higher position. Swing traders will follow the correction trend down to 1296-1328 zone, WHICH ALSO A POSSIBLE BUYING ZONE LATER.
Less is more!
הערה
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הערה
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the arrow is also a trend line guiding the gold down.
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עסקה סגורה: היעד הושג
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+120 pips/
עסקה סגורה: היעד הושג
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Our signal of gold hit all targets $1343-$1315=$27
thanks @FUNTRADER-Vera. I agree that there will be a shallow retrace to previous support area around 1300.
This coincides with my analysis with Harmonic patterns:
secretsong
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You always have the wonderful ABILITY to gauge the flow of the PM market. I put a lot of weight in your charts. Thank you!