fxplan

GOLD: A short-term analysis

Gold: bounces back from the new year low(1046) to the old year low(1071).

Original strategy : Wait a sell signal
Plan:
sell 1100-1105
Target:
1040, Stop loss: 1120
Trend:
down
—————————————————————–
New strategy : breaks above 1071 = buy signal
Plan A: buy 1071
Target: 1100, Stop loss: 1050-53
Trend: up (short-trem)
Plan B: Original strategy : Wait a sell signal at 1100
gold daygold