Weekly outlook 12 - 16 june - Gold

11 มิ.ย. 2017

Gold is a bit of a pickle. I think both scenarios (long - yellow and short - teal) are quite possible. It all depends on how price reacts on 1250 support level.

For long, I would expect a very aggressive bounce up. Perhaps double bottom on lower TF, or some other revearsal pattern

For short, spike throught it, a slow grind up and re-test, then spike low.

I'm 55% more prone to long this at 1250, related to my eurusd expectation. However, wait for a setup. For now, it's a range.

Of course, wait for proper triggers, this is just an outlook

Good luck all

23 มิ.ย. 2017

บันทึก

We might see the bounce up now. Not sure though, as we dipped lower than I expected