short term gold to test 1940/35 support if we have low cpi figures today, gold could push up to 1960 for a final test before a massive profit taking the low CPI should lead to US Federal Reserve looking to have 1 more rate hike meaning DXY bulls come in to play if in doubt stay out!! ultimately wait for the news to cool off see how the market movers digest...
Price always moves in waves/trends, -if the price breaks lower and stays within the channel gold lower -if price breaks the channel with impact wait for retest and follow the new trend
after a strong London session sell off can NY session push gold back up
GOLD - to move up to take in time for RED FOLDER news sell off. I'm expecting good figures to help the dollar stabilise
after an impulsive move down gold should move up to test the 1960's which has turned from support to resistance. follow the trend
gold seems to be stuck in limbo trapping buyers and sellers
Entered a short term buy London session is testing a major support 1960
GOLD London session - short term pull back to test 1980's GOLD NYSE - sell off down to 1960 ready for GOLD longs to see the rest of the week out old saying - Trend is your friend follow it
The Fed didn't raise interest rates in their recent meeting, which was good for gold. Non-farm news has two positive waves for the dollar. In my view, if the actual value matches the forecast, it won't be great for the dollar in the long run because the difference is much bigger than last month. Also, today we have mixed news with three reports coming out...
Trade what you see!! H4 Divergence still there gold will come down n test 1965-60 Before continuing up
selling gold to as buyers seem out the market Adhering to prevailing market trends represents a pivotal strategy
Adhering to prevailing market trends represents a pivotal strategy.
Out look for next week pull back looks ready as I expect Israel and hamas tensions to cool off over the weekend
All cross pairs look (EUE-USD,AUD-USD, GBP-USD) confirm long term bullish bias