IN recent weeks safe havens have come into there element and Gold is not shy of storing hedge funds deposits into this asset.
We may have a double top forming here, in which case watch for the bounce and possibly attempt to short this instrument. However, if this level is breached, then I suspect longs are in play and a triangle breakout will confirm a new trend. (Will post an update showing the triangle formation).
For more information on trading, education and fun tips please sign up to my site in the making: www.ejfxtrading.com
We may have a double top forming here, in which case watch for the bounce and possibly attempt to short this instrument. However, if this level is breached, then I suspect longs are in play and a triangle breakout will confirm a new trend. (Will post an update showing the triangle formation).
For more information on trading, education and fun tips please sign up to my site in the making: www.ejfxtrading.com
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