Hi everyone
Today saw a bit of an improvement in the gold price, although it did not get to the 1280 level mentioned yesterday it came close at 1279.
Bottom line however is that the graphs on 4H are loaded for a short trade with the current trigger being around the 1269 level. This target price should increase overnight to around 1270 - 1272 being the level for a short trade entry during the day tomorrow.
Keep an eye out for trades from this blog during the course on tomorrow. Profit should be watched closely as there might be a reversal to long trades in the next couple of days.
From the perspective on daily signals as per my post of last night you would have entered into a short trade. My suggestion is that you place a stoploss at around 1294 and take profits at 1245.
All the best
Chris
