The dump after the FOMC produced some nice down move. During that dump it broke the previous month low at 1243. As long as it stays below 1245 i will be interested to short this near 1245(based on weakness at that area) or aggressive entry at current price. Take profits as usuall the double arcs or the Clone levels shown on the chart. This idea gets invalidated if price crosses 1256 .
Note: This is not a trade advice ,please do your due diligence before placing the trade
Note: This is not a trade advice ,please do your due diligence before placing the trade
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TP1 and Tp2 are done . lets see whether it gives two more double arc.
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i m out of all trades on gold. Good luck with NFP . I would advise you guys to stay away from trading terminal or close all trades before the day close because of french election results this weekend
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for Educational purpose. see how the last gann gave all 5targets to the pip at the bottom of the square. This is just to show how it moves in angles when it trends.
I am a Chart Slave.Thank you TradingView and @nmike.