Gold has 151 days left to make directional choice
Updated
If we see gold at 1850 this year or start of next I assume it has broken out of trend again as sellers try to keep price below 1800 for if bulls win it back it can challenge 1850
1760 wasnt suppose To break to keep the. bearish pressure and view balanced
Overall Golds buying yearly so its best to buy on dips within the 1600
As long as 1675 aint seen again gold will build enough momentum to challenge levels that were holding it down
Intraday
-1760breaks opens up 1755_50
Clearly we should've been there but fomc seems to be dovish for US boosting others against it
If nfp numbers dont come out positive or kept the same is seen negative (for they think US dollars doing good )
1800_04 needs a daily and weekly close to confirm breakout
1760 wasnt suppose To break to keep the. bearish pressure and view balanced
Overall Golds buying yearly so its best to buy on dips within the 1600
As long as 1675 aint seen again gold will build enough momentum to challenge levels that were holding it down
Intraday
-1760breaks opens up 1755_50
Clearly we should've been there but fomc seems to be dovish for US boosting others against it
If nfp numbers dont come out positive or kept the same is seen negative (for they think US dollars doing good )
1800_04 needs a daily and weekly close to confirm breakout
Note
1850 break can be seen as a trend changer targeting 1950_60/2100Note
Anything above 3000/oz is a definite buy signal of continuation as it will never dip to 1000zone .....1500/1600Note
Below 1675 opens the 1600_1550 or even 1480
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