Wednesday, March 23, 2016

Gold Technical Analysis law of consumed orders

Gold spot technical Analysis

Hi, Readers
Yesterday short on Eur/usd is till good enough for a move towards possible 1.1100 area and we already have set trade at breakeven. Take a look at the post where I mentioned recent weakness in Euro will target the previous imbalance area around 1.1080.

**Those who did not watch my previous post then take a look at it here again Euro Usd Shorts

This is about Gold and how gold price have fallen as we see in the chart that shorts were already triggered when yesterday session close and I was looking for price to reach around 1224 level and price has managed to breach that level.

We saw risk aversion arrives when news of Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station of the capital city. The news sent Shockwaves across financial markets, with investors running for cover away from risk assets. Technical Chart posted above is an example of whatever happens if You have sound technical knowledge and not willing to trade trade spikes, should have waited for the retest and close of session to look out for opportunities .

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