Hello traders. Just a quick chart / post about my thoughts looking at the monthly chart. If and when the monthly candle flips, at that point either an impulse buy, or wait for a break and retest(which gold does not do a lot of the time). This is just speculation, I try to trade the trend and not be to predictive. The monthly is a good indicator, to see the best point for the "flip" to start up either this week or next. I will watch the $1836. area as a turning point to start a possible move up. But honestly $1853 is also a great area where there is clean traffice to move up towards 1874. All thanks goes to Big G, my mentor. Thursday and Friday should be juicy. On a bearish note, if the Feds keep the dollar overinflated, gold may drop. If that is the case I will wait and try to get some good scalp sell entries. Be well and trade the trend. Thank you for checking out my post.
Pip Whisperer
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pip Whisperer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.