GOLD: week9 update (1)
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Hi Guys,
Gold is pushing lower towards that support next to the 3. RSI is diverging big time but price still pushes.
USD/JPY at the moment is bouncing on resistance at 112. A break above 112 would surely help Gold to break that support. But for the time being USD/JPY seems to have lost upside momentum and Gold seems considering about a run towards 1300 or the 100SMA if support holds.
If support do not hold 1275 is the next level of support.
Strategy: Wait & see
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Gold is pushing lower towards that support next to the 3. RSI is diverging big time but price still pushes.
USD/JPY at the moment is bouncing on resistance at 112. A break above 112 would surely help Gold to break that support. But for the time being USD/JPY seems to have lost upside momentum and Gold seems considering about a run towards 1300 or the 100SMA if support holds.
If support do not hold 1275 is the next level of support.
Strategy: Wait & see
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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