Gold - wait for short confirmation - good risk/reward ratio (3)
Gold has made a nice run in the last days after the last breakout from correction at January 24. Today it has reached first strong resistance at 1226 $ next strong resistance is 1231 $. In the long run I expect soon a first healthy correction in weekly chart down to 1160-1170 which is 0,5 fibonacci retracement support line.
Wait with short entry until clear confirmation in 4 H chart.
Good luck to all.
Wait with short entry until clear confirmation in 4 H chart.
Good luck to all.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
