Gold XAU – forward thinking
[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]
[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]
Updating the chart for our members interested in gold.
The reversal we anticipated in the higher yellow box zone has given a maximum move of circa US$6000 to this point on one contract.
[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]
The expected potential reversal in the yellow box zone has given a maximum move of US$42 to this point. The action is still just inside the Kumo boundary, and with KS and a minor Chikou point just below as a possible next target.

Updating the chart.
The south bound move on the Purple Trace ran out of steam after a profitable move lower of around maximum $US39. Daily action has now retraced higher into the thick bearish Kumo, and just above where I have placed a yellow box there
[The forex alerts and charts are protected for Trader Membership members and above. Join us to see all content]
The price action still appears to be performing to the original thought and todays candle, although not complete for another 2 hours, is looking like it could finish as a Dark Cloud Cover or better. Potential Chikou support is shown below as green slatted line.
To view all gold posts click on ‘Gold’ in the Tag Cloud on the right hand side.
Checka Vehicle Reports