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$1,391.7 gold futures

Note: we now have a new Weekly chart and associated candle. It's...

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wombat53

7,702 Posts.

11

28/05/16

11:06

Post #: 17890909
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Originally posted by wombat53 ↑

It hit below 1210 (where did this figure come from?)...Hit 1206.65 ...... would have taken out all the stops....1208 was my first level target. Was not a strong bounce...need confirmation. Monday a US Federal Holiday...maybe London will give insight. Asian trading session typically of limited significance.

Personally I'd wait to see if this is what's called an "order block" - the bearish candle before the move up (the confirmation).
Unable to upload Chart with my usual product....despite re-installation ("lightship")

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Note: we now have a new Weekly chart and associated candle.
It's not a bullish chart.
I reckon anyone who jumps in on Monday without confirmation....is doing so at own risk...
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