WAITING..................
So we are waiting for confirmation here I did have an entry from Friday on the trendline break and retest area! but it moved back to B/E So now We wait for the second Trendline to be tested for another BUY going to 1780.00
We can also see rejection now and start going to the 1780 area or price maybe exhausted and see a retracement down to the 1720 area of support on the 30min TF
Dailyfx News
Boston Fed President Eric Rosengren shared similar remarks during an interview with CBS as he anticipates “double digit unemployment through the end of this year,” with the official going onto say that it would take “a vaccine or other medical innovations” to restore the US labour market back to full employment.
it remains to be seen if the FOMC will deploy more unconventional tools in 2020 as Chairman Jerome Powell tames speculation for a negative interest rate policy (NIRP), but the low interest rate environment along with the ballooning central bank balance sheets may act as a backstop for goldas market participants look for an alternative to fiat-currencies.
So we are waiting for confirmation here I did have an entry from Friday on the trendline break and retest area! but it moved back to B/E So now We wait for the second Trendline to be tested for another BUY going to 1780.00
We can also see rejection now and start going to the 1780 area or price maybe exhausted and see a retracement down to the 1720 area of support on the 30min TF
Dailyfx News
Boston Fed President Eric Rosengren shared similar remarks during an interview with CBS as he anticipates “double digit unemployment through the end of this year,” with the official going onto say that it would take “a vaccine or other medical innovations” to restore the US labour market back to full employment.
it remains to be seen if the FOMC will deploy more unconventional tools in 2020 as Chairman Jerome Powell tames speculation for a negative interest rate policy (NIRP), but the low interest rate environment along with the ballooning central bank balance sheets may act as a backstop for goldas market participants look for an alternative to fiat-currencies.
Comment:
New analysis up to date!!
