I believe Gold is going up. Non-payroll US info on Friday will decide the move, and I expect neutral (not good, not bad) data, but who knows. CAREFUL: Strong data for US economy on Friday will drag gold down sharply!
Considering neutral data, there is a huge resistance @ 1300 , should bounce back to .236 and .382 fib levels (at least). Very possible of holding the channel upward, going up to the 1400 level.
My position:
Bought @ 1310
S/L @ 1298
T/P 1320, 1330, 1340
Considering neutral data, there is a huge resistance @ 1300 , should bounce back to .236 and .382 fib levels (at least). Very possible of holding the channel upward, going up to the 1400 level.
My position:
Bought @ 1310
S/L @ 1298
T/P 1320, 1330, 1340
Be positive, stay positive! :)