GOLD/U.S.DOLLAR -XAUUSD -Daily -Time at Mode - Buy Signal
1232 target:
Various entries:
Buy 1192 with 1156 stop.
Buy 1169 with 1144 stop.
Both entries target 1232.
Time frame. 2-6 days.
Note the incredible decline from October 21 at 1255 down to 1176 on November 7: 13 days in a ROW where the price hit a new low or stalled and had an inside day (versus the down day) [An up day relative to an inside day doesn't count as the inside day is just a "stall" to the downtrend].
The Swiss Referendum is in the news and the US Dollar is topping out. Chart to follow on DXY and USDJPY and EURUSD.
Tim 9:14AM EST 11/20/2014
Various entries:
Buy 1192 with 1156 stop.
Buy 1169 with 1144 stop.
Both entries target 1232.
Time frame. 2-6 days.
Note the incredible decline from October 21 at 1255 down to 1176 on November 7: 13 days in a ROW where the price hit a new low or stalled and had an inside day (versus the down day) [An up day relative to an inside day doesn't count as the inside day is just a "stall" to the downtrend].
The Swiss Referendum is in the news and the US Dollar is topping out. Chart to follow on DXY and USDJPY and EURUSD.
Tim 9:14AM EST 11/20/2014
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