TIN-Algorithm has detected another high volatility move towards 1932.37 on the upside and 1899.52 below. Whichever comes first, expect a great rebound from both levels but I will still be taking nothing but LONGS since the risk on the downside is less great than when prices hit 1932.37 (meaning it can break further).
I have been expecting gold to break upper levels since Monday and from my perspective, all downside moves made by Gold this week or will be made today are just temporary that's the reason why you will see nothing but "BUY" on my chart the whole week.
The market cannot make everyone profitable but this SL hunting move has gone off too long already.
Key Levels
Support 1899.52 (drawdown 1887.07)
Resistance 1932.32 (drawdown 1952.00 - 1975.00)
I have been expecting gold to break upper levels since Monday and from my perspective, all downside moves made by Gold this week or will be made today are just temporary that's the reason why you will see nothing but "BUY" on my chart the whole week.
The market cannot make everyone profitable but this SL hunting move has gone off too long already.
Key Levels
Support 1899.52 (drawdown 1887.07)
Resistance 1932.32 (drawdown 1952.00 - 1975.00)