The brexit reversal

Zaktualizowano
The brexit reversal will occur this and next month. Fed rate hike is on the table
Komentarz
There might be re-bounce from 1265 area.
Zlecenie aktywne
Continue to short at 1270
Zlecenie aktywne
2H chart is a ABCD pattern, target 1226
Komentarz
Take the profit at 1228
Zlecenie aktywne
1276 is the key, might test here. Watch the price action around 1272, 1276
Zlecenie aktywne
Look closely at the chart, seems that 1265 will be the position to short, it will go to 1244.
Komentarz
Consider the two big wicks around 1251, better range trading between 1252-1265. Not sure if London or US will bring down the gold today.
Komentarz
If price closes above 1260(above the middle line) in 4H, it might test 1270~1272
Komentarz
Continue to short around 1260, when U.S. Opens, gold will go down to test previous low 1242.
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