‘The Excalibur Trading Method’ Update on Gold & GBP/JPY Trades


‘The Excalibur Trading Method’ Update on Gold & GBP/JPY Trades


Click Chart to Enlarge


Click Chart to Enlarge

Here are the charts for the Gold & GBP/JPY trades posted just before this one.

This time, I’ve shown the important BUY and SELL price zones that are being targeted for these two markets on the short-term.

You’ll find the SELL Zone areas shown with a green horizontal bar.

The BUY Zone price areas are shown with a red horizontal bar.

The GBP/JPY is at the top end of a short rally and in the SELL green zone.

As for GOLD, it has recently pulled back in price and has touched it’s red BUY Zone bar indicating that it has a high likelihood of rebounding back upwards.

In both cases, we have looked at the longer-term trend to confirm trend.

Only after knowing this do we narrow our focus on the short-term trend and SELL against rallies for the down trending GBP/JPY and BUY the pullback in Gold prices as the larger trend for this market is UP.

Note, as always that this is purely an educational exercise and not an advisory or solicitation to buy or sell. Read our extensive disclaimers to this effect.

Observe and learn what is possible using ‘The Excalibur Trading Method’.

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