After a month of boring moves XAU finally broke to the downside and closed the week below 1250. I would expect a trend follow through for the next couple of week down to 1200 which is where the trend line, that has been building since two years ago, is.
The next challenge is to wait whether or not this level is respected and we get a rebound into the end of December to then establish a bullish trend for 2018.
Disclosure: I´m short @1284 and my SL has been lowered down to 1265, TP sits @1201 and there is a buy order already setup @1200.99.
The next challenge is to wait whether or not this level is respected and we get a rebound into the end of December to then establish a bullish trend for 2018.
Disclosure: I´m short @1284 and my SL has been lowered down to 1265, TP sits @1201 and there is a buy order already setup @1200.99.
Thanks SIr,,,,, so 1200 expectig, hope monday 1259 ?? possible ?
ReplyDeleteI would expect the lowest for the year a couple of days before Christmas Eve.
Deleteyes sir cesar, its a boring movement for XAU and that's the reason why i stay away and trade nikkei. it seem to me gold are attractive again hmm
ReplyDeleteIt will be, Christmas rally will tell us whether or not Gold will recover its luster for 2018.
DeleteAny suggestion for tomorrow's news?
ReplyDeleteSir Cesar, any update before Christmas?
ReplyDeleteVery good article,Thank you
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