Gold hit its MTPredictor Elliott wave and Fibonacci trading software for stock, commodities, futures and forex’s big 12 to 1 risk/reward target. The target sat at 1280.40 and was reached on Friday.
The YM is still in weekly consolidation mode trading between its weekly 50 and 200 period moving averages. There is a DP upside target that we could potentially see. Check this weeks video for those details.
This is Fed week after Quadruple Witching Friday. Expect things to be slow until Tuesday after 2:15 PM EST when the Fed releases their decision on interest rates and its outlook going forward.
To Your Trading Success,