A.M. Look 12/7/17

Gold broke below its 200 DMA and is into its August unemployment low @ 1256.

Looking at Gold/Euro & Gold/Yen, which are both trading just above their respective 200 DMA’s, makes this an exit zone for shorts and a place to buy before you sell for scalpers if you get a setup on your short time frame charts.

With tomorrows payrolls release I’d be patient as extremes tend to be put in Payrolls Fridays for the rest of the month.

Let the show set up into NYSE opening before you commit.

Gold...Active Daily Continuation

This entry was posted in Archive and tagged , , , . Bookmark the permalink.