Dear Pat,
I short @ 137.7 because of double or triple top supply zone. What is minimum target you consider in your patial t.p? It could be Fibo Levelsfrom top to bottom 0.38 : 136.2 or 0.618 : 135.3. If you go for short and after trend reversal, do you risck free the position by putting N3 as S.L?
Interseting instrument to trade.
Both ways as all eyes on USD currency performance
Currently, Gold is consolidating Friday’s upswing with a cautious start to a busy week ahead.
The United States Dollar (USD) remains on the back foot as uncertainties US debt ceiling issue weigh.
Investors will stay on the edge, as the weekend negotiations will likely continue on Monday.
Playing scalping game with gold until Joe and Republican Mc Carthy arrive at any decision on the US debt ceiling this week.
Just play the game as USD may could spell doom and trigger a fresh risk-aversion wave.