The head of the week, we might continue to see USD continue to weakens, but not until this Thursday. Am seeing potential for further downside with gold.
Retracement is needed as gold is pushing lower and lower, its time for the market to collect the buyers and hunt their sl.
Personally, I would like to set my buy limits at my fibs levels 38.2%, thus it also gives me a nice RR. Do be aware of gold's price and don't miss out this trade, as I think It would be a good pair to trade this week as we have fundamental on our side.
Gold, down down down! :P
Trade safe all, and watch out your lot sizes! ;)
Retracement is needed as gold is pushing lower and lower, its time for the market to collect the buyers and hunt their sl.
Personally, I would like to set my buy limits at my fibs levels 38.2%, thus it also gives me a nice RR. Do be aware of gold's price and don't miss out this trade, as I think It would be a good pair to trade this week as we have fundamental on our side.
Gold, down down down! :P
Trade safe all, and watch out your lot sizes! ;)