What I do and focus on in the gold market.
Brief TA View from daily, 4hour and 30 minute charts
Gold is a tiny market...
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and reversals points.
- Market sentiment
- Gold Shares, EFT's A-z
- US10Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, indicator and some Market Data.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Bearish Reversal points to look for today, might be @ 1828-1839
Could see the correction I mentioned in my video start to develop next few days. Targets to the down side: $1875 , $1856 or $1836 but we'll see.
As I stated in my video - I saw #Gold push a bit higher the first couple of days in week 1 and then drop. Yesterday Gold saw bearish pressure and is continuing down side pessure in London session also. Could see a short term pull back, but selling is going to pick up again as expected.
Have a great weekend...