I cancelled my previous long idea because tomorrow is the big day and gold might have a panic sell which can easily push price break the daily trendline (Purple colour) and make double top!!
= this is the reason that I will not long at "1320" or "1319".
Another support is found near the "Red" trendline which will be 50% Fibo at 1287.30 this is more likely to hold the price.
My long position will be 1284 - 1287 SL under 1265.5 in case it will bounce at 61.8%
Sorry my chart is mess up.
= this is the reason that I will not long at "1320" or "1319".
Another support is found near the "Red" trendline which will be 50% Fibo at 1287.30 this is more likely to hold the price.
My long position will be 1284 - 1287 SL under 1265.5 in case it will bounce at 61.8%
Sorry my chart is mess up.
Comment:
Bounce at 1320 as expected but I already cancelled my previous Idea, I'd like to see another down side at Yellen's Speech.
Order cancelled