GOLD GOING TO 1077 - WEEK, 750 - YEAR, 1090 - LATER

GOLD GOING TO 1077 - WEEK, 750 - YEAR, 1090 - LATER

30 October 2015, 20:42
forexintel
1
92

While i still believe that the gold price is going down, level 2 set up showed a possibility of a retracement to 1170, for the month closing. As my SELL orders were below this price level, decided to take profit, instead of seeing the SELL order go negative again. After seeing this month and this week candle's close, will decide on the SELL order entry point, next week or later. Even if the gold price goes down today without retracing to 1170, there would be ample opportunities next month to enter a SELL from a HIGH. Will keep you posted accordingly.