ProfitClubOfficial

ProfitClubOfficial

just an idea, strong bearish after retest on the breakout area, lets go short on gold until hits 1850 :)

ProfitClubOfficial

Both Top n Bottom zone is going to test in this NFP, and uncertainty of very strong data comes from ADP NFP and weak data of Jolt job opening makes this unsure upcooming NFP data, the low forecast number same as ADP NFP before maybe will be the prank of weak dollar on forecast but strong in release, stay neutral wait n see.

ProfitClubOfficial

according the equal low support at 1932 as the last low before this bounce, GOLD has the targeted 2000 as the same level resistance as left shoulders before or at this NFP release as target.. no metter how good the ADP NFP or NFP data release for USD better/ worst than expected, the GOLD sentiment still going to anticipate for this up cooming fed funds rate...

ProfitClubOfficial

GOLD H1 CPI mapping SND consolidation area, uncertainty of US debt ceilling issues more likely going to weaken the USD, lets go bull first

ProfitClubOfficial

again with the jobless claim data issue that US labor is now really terrible, same as home sales in this middle of macroeconomic reccesion fear, VIX chart showing bounching from the low today and GOLD market react the same. That means there will be come another bullish push the GOLD to the top of 2065 as the up trend channel high area, anyway its going to go ATH...

ProfitClubOfficial

as we can see the JOLTs Job Openings data is lower than expectations this week, this indicates the worsening condition of the US labor, so that the worsening labor conditions will also have an impact on the worsening of the economy which causes a domino effect on employment as well. maybe this would the first lower than expected non farm payroll report after the...

ProfitClubOfficial

as the us jobless claim data yesterday already giving a clue of this periode of NFP that labor data of US now really terrible.. maybe this is the time for dollar to give some correction wave before the next rate release

ProfitClubOfficial

strong breakout of the flag pattern making a new low confirmation stop at 1859 as the first loss in four days after the yield rise, next retest the flag where the breakout happen there will be another bearish continuation movement before next week CPI, until 1830 around as a next support area, there will be another retest on POC area where around (support become...

ProfitClubOfficial

Short term bearish, after breaking nearest structure as confirmation of the next bearish movement on H4 chart, before NFP will be some pull back for retesting base level (also engulfing candle break level confirmation on daily chart) retracement target at 1927 or above looking for strong rejection to continue the drop target until 1880 as the new swing low,...

ProfitClubOfficial

until NFP, this weekly rejection zone already confirmed, but there will be another retest before the next drop, or this zone as valid as the weekly resistance, so GOLD will actually bear run for another whole month at december, lets the FED do the job.. #followthetrend

ProfitClubOfficial

Suggest entry BUY if break above 1671 for the next target beetwen 1695 - 1700

ProfitClubOfficial

its only a trendline trade, 0 technical... just BUY n pray xD

ProfitClubOfficial

React to the H4 rejection on 1640, there is SBR area that make H4 pulling back to the down side.. there is still 1 more fresh SND around 1618-1616 area.. GOLD just going to break if go above 1640 or go below 1616, and there is the swing TP area target

ProfitClubOfficial

there is a trendline that breaking and double top pattern hasn't confirm yet.. can swing this trade to take a couple days until it drops

ProfitClubOfficial

there is a inverted HnS formed at this key level area, probably will make another high before the next drop, but GOLD literally lack of deman until CPI, as long the sell TP1 (neckline) area is not hit yet.. there is no posible for gold to make another bullish movement, lets see until CPI at 13 oct

ProfitClubOfficial

when gold reach poin B, there will be another big moves going up to 1700 above or poin C.. after reach the highest target of corrective waves.. lets SHORT until break the 1600 below... next target would be 1550!!

ProfitClubOfficial

trend follow or even sideway market is works!, scalper and intraday trader only!

ProfitClubOfficial

after the break is not finish the retest yet.. should can chase the trendline before the next drop.. target 1730