With the soft landing, we expect the fall of GOLD yet investors are buying/bought before NFP as well.
From the perspective of SK System gold has beautifully tested the WC zone, and if the zone is respected the price has the potential to hit our profit zone, and if not respected it may continue to complete its sequence above.
From a price action point of view, Price hasn't been able to close above the previous ALL-TIME HIGH, weekly had a good close below the previous week, doji from the last two days indicating weak buyers (even though indecision).
Lets See, which side does it play. Yet, technically my Bias is SHORT.
From the perspective of SK System gold has beautifully tested the WC zone, and if the zone is respected the price has the potential to hit our profit zone, and if not respected it may continue to complete its sequence above.
From a price action point of view, Price hasn't been able to close above the previous ALL-TIME HIGH, weekly had a good close below the previous week, doji from the last two days indicating weak buyers (even though indecision).
Lets See, which side does it play. Yet, technically my Bias is SHORT.