It is evident that whenever a new low is printed on XAUUSD, a pull back phase is inevitable. Scalp LONGS will be as follows:
PP: 1810 - 1820 (100 pips scalp)
Will be looking at continuation on intraday swings towards the psychological level of 1800 KL that we have mentioned months ago in FM accompanied with pull backs to better PP. With the fundamentals, technical and correlation to the dollar index, will not be holding any intraday/swing longs. Stay focused on shorting gold at:
HRHR: 1828 - 1825 KL
MRMR: 1820 KL
Safer sells: 1810 KL
TP: 1800 PP
With confirmations of further sell side pressure smashing through 1800 PP, 1788 KL will be the next targeted zone.
PP: 1810 - 1820 (100 pips scalp)
Will be looking at continuation on intraday swings towards the psychological level of 1800 KL that we have mentioned months ago in FM accompanied with pull backs to better PP. With the fundamentals, technical and correlation to the dollar index, will not be holding any intraday/swing longs. Stay focused on shorting gold at:
HRHR: 1828 - 1825 KL
MRMR: 1820 KL
Safer sells: 1810 KL
TP: 1800 PP
With confirmations of further sell side pressure smashing through 1800 PP, 1788 KL will be the next targeted zone.