Vantage FX
VantageFx Representative
- Messages
- 174
Chart of the Day:
Damn. No bites in my search for a successful Palladium Trader. I guess we’ll have to leave the search running in the background and turn our attention to Gold. You have to fish where the fish swim after all!
XAU/USD Daily:
Click on chart to see a larger view.
After what looked like the beginnings of a promising recovery rally, Gold as had a bit of a fall from grace. Still trapped below its most recent weekly resistance level, the move away from it has been hard and fast.
Price has now come to the bottom of it’s short term channel. It looks to have broken the level, but with no pull-back and still no break of swing lows, there’s no way I can sell this here.
I’m waiting for the pull-back and happy to sell any weakness.
Janet Yellen testifies. Read more discussion in the Vantage FX News Centre.
Damn. No bites in my search for a successful Palladium Trader. I guess we’ll have to leave the search running in the background and turn our attention to Gold. You have to fish where the fish swim after all!
XAU/USD Daily:
Click on chart to see a larger view.
After what looked like the beginnings of a promising recovery rally, Gold as had a bit of a fall from grace. Still trapped below its most recent weekly resistance level, the move away from it has been hard and fast.
Price has now come to the bottom of it’s short term channel. It looks to have broken the level, but with no pull-back and still no break of swing lows, there’s no way I can sell this here.
I’m waiting for the pull-back and happy to sell any weakness.
Janet Yellen testifies. Read more discussion in the Vantage FX News Centre.