POTENTIAL TO TRADE THE TREND SUPPORT BREAKOUT, RISK TO REWARD RATIO = 3-1
double top of trend resistance, potential sell if momentum picks up
my thoughts going into this trade gold is currently too high and we should be expecting for it to fall. I personally believe there will be more continuing cuts to proceed following yesterdays(18/09/2019) FOMC speech. I expect more cuts to be made, further weakening gold. Over the next couple weeks i expect gold to be correcting itself. potential breakout for a...
CURRENT BREAKOUT OF TREND SUPPORT, WE COULD SEE MORE BULLISH MOVEMENT TO CONTINUE THE PREVIOUS UPTREND. POSSIBLE RETEST TO TREND SUPPORT FIRST, SO POTENTIAL SHORT IN PLACE. IF NO RETEST NEXT TAKE PROFIT 1.09000 WAITING FOR IT TO BREAK SUPPORT BEFORE PLACING TRADE