Intraday Analysis - GOLD - ( 28 FEB 2023 )
As per analysis , a retest to 1820 is very possible and with fundamental data last night, price did retest 1820 region with instant rejections. Both buys and sells were called out yesterday night.
Will be continuing bearish bias on Gold in the coming weeks ahead with no shift in market sentiment just yet.
Looking at gold sells with potential rejection again at 1820ish region whereby any potential breaks above could give gold further retest to 1828 region.
HRHR SELLS 1828
MRMR SELLS 1820
SAFEST SELLS BELOW 1812 / BREAK OF LOWS 1816.6
SCALP BUYS ONLY ABOVE 1821
A BREAK ABOVE 1828 WILL GIVE A FURTHER PUSH TO GREATER SELL SIDE LIQUIDITY
Do note that dxy is still bullish, and there is no reason to swing longs on gold. All longs should be scalps or at best an intraday trade.
Take note of fundamentals in play tonight
consumer confidence - if price comes out as per forecast , dollar domination will be back in play and gold sells.
As per analysis , a retest to 1820 is very possible and with fundamental data last night, price did retest 1820 region with instant rejections. Both buys and sells were called out yesterday night.
Will be continuing bearish bias on Gold in the coming weeks ahead with no shift in market sentiment just yet.
Looking at gold sells with potential rejection again at 1820ish region whereby any potential breaks above could give gold further retest to 1828 region.
HRHR SELLS 1828
MRMR SELLS 1820
SAFEST SELLS BELOW 1812 / BREAK OF LOWS 1816.6
SCALP BUYS ONLY ABOVE 1821
A BREAK ABOVE 1828 WILL GIVE A FURTHER PUSH TO GREATER SELL SIDE LIQUIDITY
Do note that dxy is still bullish, and there is no reason to swing longs on gold. All longs should be scalps or at best an intraday trade.
Take note of fundamentals in play tonight
consumer confidence - if price comes out as per forecast , dollar domination will be back in play and gold sells.