Gold Trendline Break off Fed News
With the news of the fed we should get more dollar strength but I don't expect to break the 1480-1560 range.
I am currently long after getting stopped from the news at 1489 area.
However on second look at my chart this will be a short term long and reverse sell from .618 fib of the Fed move.
We didn't break the critical level so the trend up is still intact but I will long and then reverse short on the test of the trendline.
WIll watch later for further longs at the bottom of the range.
Happy Hunting Happry Trading
BooBii
I am currently long after getting stopped from the news at 1489 area.
However on second look at my chart this will be a short term long and reverse sell from .618 fib of the Fed move.
We didn't break the critical level so the trend up is still intact but I will long and then reverse short on the test of the trendline.
WIll watch later for further longs at the bottom of the range.
Happy Hunting Happry Trading
BooBii
