Knights of Gold (Gold/FOREX Analysis/Trade ideas)

Beautiful

13th Nov

Ideally we wanted those lower ones completed before the bounce upside over the Asia session, however, it wasn't to be. We broke above, all the targets completed, most were fast asleep in Camelot so missed the move. We're at a resistance level here but there is a red box above which was the ideal target for the move. With price being stretched and at a key level, unless in from lower we're not going to risk it up here, rather look for a reversal on the indicators and take a short into lower support levels if the opportunity presents itself.

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EXC is crazy

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Not much going on at the moment. 4075 continued to hold and no break resulting in the hot spot and target completing. Support now stands at the 4010 level with price accumulating above the order region.

Too fast! Support now at key level 4075 while we face a little resistance here at 20MA on the daily.

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