WEEKEND GBP and GOLD UPDATE

GBP washed out exactly on London Open then retrace. Fake Bull Run Asia Session happened again and again. Monday Price at least move one or not both the designated price depend on price action.

Lesson to learn if spike happened like today wait the TMA to settle down before entering the market,


Gold stopped out on premature buy. Lesson to learn are more aware of ADR before entering the trade.

Recap:

• Direction prediction spot on but premature entry and price target not clear. Simply yesterday's high/low is good enough.
• Be careful with spike. Check the ADR before entry especially GOLD.
• Gap fill can become a good spot to reversal.