Gold currently seems forming double bottom that will be confirmed tomorrow Friday October 31st, 2014 or next week on Monday November 3rd, 2014. The decline to the black lines will form a high probable trade setup as this area looks good buying zone off which the rally to the first target line seems very plausible.
However, the price action with respect to the black lines will be a key determinant of entry decision since there is no actual volume in spot market which can be used as a filtering tool. Let's watch how the trade setup unfold tomorrow which is projected to be the reversal day for multi days up move.
However, the price action with respect to the black lines will be a key determinant of entry decision since there is no actual volume in spot market which can be used as a filtering tool. Let's watch how the trade setup unfold tomorrow which is projected to be the reversal day for multi days up move.