Gold: Interesting Gaussian distribution
The chart describes an interesting setup.
I'll go short now with a small risk of 0.50%, aiming for the targets below.
Time at mode signals these areas as potential targets and reversal zones, and there's interesting fibonacci confluence there as well.
The fundamental background also suggests it's possible to see this setup pan out.
Whatever the outcome of the greek referendum, I'll monitor these levels and look to cover the short in profit and go long to retest the monthly mode asap.
Good luck,
Ivan.
I'll go short now with a small risk of 0.50%, aiming for the targets below.
Time at mode signals these areas as potential targets and reversal zones, and there's interesting fibonacci confluence there as well.
The fundamental background also suggests it's possible to see this setup pan out.
Whatever the outcome of the greek referendum, I'll monitor these levels and look to cover the short in profit and go long to retest the monthly mode asap.
Good luck,
Ivan.
