Gold - wait for short confirmation - good risk/reward ratio (3)
Updated
Gold has made a nice run in the last days after the last breakout from correction at January 24. Today it has reached first strong resistance at 1226 $ next strong resistance is 1231 $. In the long run I expect soon a first healthy correction in weekly chart down to 1160-1170 which is 0,5 fibonacci retracement support line.
Wait with short entry until clear confirmation in 4 H chart.
Good luck to all.
Wait with short entry until clear confirmation in 4 H chart.
Good luck to all.
Trade closed: target reached
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