Update on spot gold post #32
Spot gold did in fact drop a more than decent 28 dollars, as expected. Now this just shows how precise zoning tools could be.
I maintain that spot gold will trade lower now, and advise to look for better opportunities to get in for a LONG ride up and ahead of 1000 mark.
Also, here are trading zones for the next week.
BUY2 zone looks very promising to reinitiate long setups, however please wait and see if GOLD reverses in this zone and watch for clear reversal signs (pin bars on hourly for instance). If you decide to go LONG in this zone place your SL at 950 and TP at 990.
Hope this trade works out, more than decent R/R ratio!
| 925 | BUY 1 |
| 939 | |
| | |
| 952 | BUY 2 |
| 956 | |
| | |
| 991 | SELL 2 |
| 995 | |
| | |
| 1009 | SELL 1 |
| 1022 | |