Gold: can Chair Powell kill the boredom?
Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I prefer their solo speech than joined. At the mean time gold is getting zoned out of 1819-14 for the fourth time which another rejection might not be good for sellers but we stay hopeful. Any move up to 1830 I resell with my risk management but my preferred mini upswing selling opportunity is 1832-34 zone that might be hard to reach due to the downside pressure. Targets now at 1810 with possible breakout to 1805-01. Gold upside still limited I'll see any move above 1838 as nothing but trend expansion. Gold is really fighting a good fight though that might reduce the downside risk.
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