Gold broke through resistance with an Uptrend WW completing right at 3 areas of confluence.
Intermediate target line suggests 1454, where 3 areas of confluence exist. In addition just above strong support, so expect the low point to tip is toes into this zone before reversing. Target of larger, long-term WW is still ~ 1413.
At this point I'm selling just out of the money Jan options. Too eratic for me to sell outright futures contracts.
Intermediate target line suggests 1454, where 3 areas of confluence exist. In addition just above strong support, so expect the low point to tip is toes into this zone before reversing. Target of larger, long-term WW is still ~ 1413.
At this point I'm selling just out of the money Jan options. Too eratic for me to sell outright futures contracts.