MlungisiMpapane
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MlungisiMpapane
A perfect trade to capitalize on the pullback as profit taking takes place
MlungisiMpapane
The WXY correction is left with the Y leg, therefore we expect gold to be bearish in the short term.
MlungisiMpapane
Gold is in a bullish trend and we counter trend trading due to a wxy correction gold is making
MlungisiMpapane
As we approach the Fomc, we expect the Federal Reserve to start the tapering process. This will support the dollar, therefore pressure the gold. If the NFP also prints a positive figure, the pair will reach target next week.
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