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Traders,
Technically, gold needs a corrective wave to continue its down trend. A possible position for that is now. But the correction will still stay inside the channel.
what would be good entry on gold after today breakout
FUNTRADER-Vera
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@ntabish12, for short or long ?
UnknownUnicorn2012266
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@FUNTRADER-Vera, i went in last bull trap and barely made it out alive, trying to be on the right side this time :) --so long or short--both works--however given the sentiment and DXY bearish , preferred is long here for me
i still expect support to be retested before and to open long there if that holds, just hoping if DXY gets stronger it may go through like support doesn't exist like other ones and then 1211 may be next target
FUNTRADER-Vera
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@ntabish12, that can only be known after NFP this week.
HamadaMark
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Gold "History repeat Himself"
FUNTRADER-Vera
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@HamadaMark, not sure if gold will drop down to 1160 yet.
HamadaMark
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let us watch reaction at end of current movement first nice work @FUNTRADER-Vera,