More touts of a collapse & they will start within the next 12 hours.
My opinion is that we could reasonably expect a retest of ~1,800.
Perhaps not tomorrow (Friday) but it could start over the weekend.
What would a 'Gap Down' do to your "Play"?
Remember I said I didn't really expect a retest of 1,700 or a Gap Fill a week ago.
This is different.
This (suspected) Drop may be required.
Seriously: If you are Trading Gold & are not 100% following your own system, I suspect a Bull Ambush is imminent. Not a Reversal but a Drop to allow major Bears to recoup something.
1,805 may satisfy that need..
Then again... Scotsmen are not renouned for their Crystal Balls...
B
My opinion is that we could reasonably expect a retest of ~1,800.
Perhaps not tomorrow (Friday) but it could start over the weekend.
What would a 'Gap Down' do to your "Play"?
Remember I said I didn't really expect a retest of 1,700 or a Gap Fill a week ago.
This is different.
This (suspected) Drop may be required.
Seriously: If you are Trading Gold & are not 100% following your own system, I suspect a Bull Ambush is imminent. Not a Reversal but a Drop to allow major Bears to recoup something.
1,805 may satisfy that need..
Then again... Scotsmen are not renouned for their Crystal Balls...
B