So the time draws near, Day by day we get closer to our targets touching them 1 by 1. After some bearish
pressure here and there it seems apparent the bears just are not powerful enough for this Alpha Asset. Keeping above 1930/1940 we managed to maintain a back and forwards tug of war consolidating between 1940/1970 but after a rolling 3 day negative impact
on the dollar with further impact
ahead we can see xau/usd
possibly touching 1990 today after the Michigan consumer release otherwise if we cant hold above 1980 today we could possibly see a further consolidation zone until next Friday when the ever famous Non Farm Payroll takes place. It is apparent that the bears can not push and keep below 1930/20 but if so i wouldn't be surprised if 1870 was then in there cross hairs. The Bulls may have won the battle, But have we won the war ? #goldvsbitcoin B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take my trades nor providing market direction or certainty i am simply sharing my partial analysis and knowledge for you to make your own decisions and analysis. Always do your own analysis and use correct risk management. Much Love. Trade Safe.