IDEA:
Technicals: Expecting long move @ Daily S2 Pivot 1309.78. Profit target set at Daily R1 Pivot 1334.71. Looking for Fibonacci resistance on the way down the channel to the entry and support on the way up to profit target.
Fundamentals: North Korea fired another missile over Japan a few hours ago. Nuclear tension has seen gold prices rise into the weekend. Its also Quarduple Witching Friday.
Cons: Price could get long on NK missile news and miss the dip buy. Ema 300 may give the news the support to get long from here.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Technicals: Expecting long move @ Daily S2 Pivot 1309.78. Profit target set at Daily R1 Pivot 1334.71. Looking for Fibonacci resistance on the way down the channel to the entry and support on the way up to profit target.
Fundamentals: North Korea fired another missile over Japan a few hours ago. Nuclear tension has seen gold prices rise into the weekend. Its also Quarduple Witching Friday.
Cons: Price could get long on NK missile news and miss the dip buy. Ema 300 may give the news the support to get long from here.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.