-28 Symmetrical triangle -16 Week horizontal range -With climbing rates and LIBOR OIS spike, conditions are favourable for Gold appreciation -Much the same as XAUUSD trade idea but my more preferable choice as the ETF is more and I like the technical picture a bit more
Another week of watching Gold. Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service.