Gold had a nice retrace from the original down fall and failed to break 1220. It broke the uptrend line and dropped to the 38% retrace. I called the short from 1208 area and originally had TP 1 at 1191 but held it to 1185. It pulled back to the 23% retrace line which is around the 100/200 EMA and has held there. I just re opened a short again at 1195 and looking for 1170.. in the very long run I see this heading down to 1100 in waves. I believe USD strength will bring this down in weeks.
TIGHT SL just above 1200..
TP at 1170.
Cheers
TIGHT SL just above 1200..
TP at 1170.
Cheers
