bigbax699
Corporal
- Messages
- 49
Last time i looked at gold , i suggested the double top M formation at 1662 for the sell back down to 1575-1550. we have achieved this move now with a gain of over 1000 pips. As you can see price rejected from the long primary trend and just above the .618 fib level. But what will happen next? will we see a further push down, or will we hold support around this area before the next push upwards. i have taken the day off trading today to protect my weeks profits and not potentially get caught in a trade on a friday over the weekend. Otherwise i would of bought at the level it dropped too. Stay safe if your trading, hopefully some of you caught the bottom and got a cheap price for gold . Wild week we have had, enjoy your weekend everyone