Hello and Happy Monday traders. Looking at the daily, for me, I am waiting to see what gold does today when NY volume comes in. I will totally look for buys if the scenario plays out that I posted on the chart. Only if conditions are met. But tomorrow there may be more sanctions against Russia. If that were to happen, I would expect gold to drop. If the world's (G7) committee feels gold is the next target to dismantle Russia''s economy, gold will have to lose value in order for Russia to feel the pain so to speak. So I am being cautious. War usually makes gold go up. Gold is a safe haven, and the US Dollar is overbought, with room to go up a bit more with the current economic situation. Very delicate situation. Getting paid to wait. (thxs Raja) I will update as gold shows some clear direction. I see scalp buys and sells galore. All thanks goes to Big G, my mentor. Trade the trend and I will post again as the day devolps. Be well and thxs. This is just an idea, not financial advice. $1821 to $1840 is a range gold needs to break from for me to look for buys or sells.
Pip Whisperer
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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.