-57 Month inverse H&S
-14 Week horizontal range
-With climbing rates and LIBOR OIS 2.37% spike, conditions are favourable for Gold 0.25% appreciation
-Expression of trade idea through XAUUSD 0.22% cross as account is not sufficiently capitalized for futures trading
Another week of watching Gold 0.25% . Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service.
-14 Week horizontal range
-With climbing rates and LIBOR OIS 2.37% spike, conditions are favourable for Gold 0.25% appreciation
-Expression of trade idea through XAUUSD 0.22% cross as account is not sufficiently capitalized for futures trading
Another week of watching Gold 0.25% . Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service.