Gold 12:00 GMT JAN 16
Good afternoon everyone.
Here’s a quick chart that ive put together explain our GOLD positions and orders.
The White line shows the most recent strong resistance/support level. If this holds on the 1hr chart most likely we will see the upturn continue and will capitalise on our x25 positions.
I have set an order to SELL if we hit 1332.5 to hedge some of our positions.
The red box shows that we have broken the lower line on the Bollinger Bands but then have seen a break out since showing that we could return to the upward channel.
We could all do with a silver lining on the day the crypto are glowing red...