http://img847.imageshack.us/img847/4...3019092011.png
Here's XAU USD M30 chart. We did gap up but it's not a kind of gap that has a wow-factor to it. Surely gold won't jump a 100 dollars on that gap.
Also we did not break out of the bear channel. The PA looks stronger, however I'm not convinced. I adjusted a gameplan slightly, still prefer shorts below the highlighted area. Adjusted initial TP on shorts.
Still I see we can resolve higher if we can crack 1830. Then I'd look for a target of 1856-1860.
Beeb I do not agree nor disagree with you. I do appreciate that you actually post nice and clean charts for sure. The deal is that clean charts are good, but what's the gameplan then? What setup are you looking to take and why? That's only thing I want to find out, that's all.
Here's XAU USD M30 chart. We did gap up but it's not a kind of gap that has a wow-factor to it. Surely gold won't jump a 100 dollars on that gap.
Also we did not break out of the bear channel. The PA looks stronger, however I'm not convinced. I adjusted a gameplan slightly, still prefer shorts below the highlighted area. Adjusted initial TP on shorts.
Still I see we can resolve higher if we can crack 1830. Then I'd look for a target of 1856-1860.
Beeb I do not agree nor disagree with you. I do appreciate that you actually post nice and clean charts for sure. The deal is that clean charts are good, but what's the gameplan then? What setup are you looking to take and why? That's only thing I want to find out, that's all.