GOLD SHORT TERM INTRADAY IDEA
Intraday Analysis - ( 10 FEB 2023 )
Bull flag longs were short lives yesterday as price went up to key price sensitivity area at 1890 whereby huge rejections were seen. Key level was warned ahead of time. Price broke out of bullish structure and below key support level at 1860 which gives us clean sells to the downside as per analysis since Monday. Will only be looking for sells and no longs unless there is a shift in structure or market sentiment. Will only look for buys if price breaks back above 1883, correcting the whole downside move yesterday.
A break of 1860s, will be targeting minimally 1830s giving us a solid 300+ pips with 1845 as a first target and ultimately 1820 and even extending to 1810s.
HRHR sells at 1876
MRMR sells at 1864 / 1863 region
Safest sells upon breaks of key levels 1855
Bull flag longs were short lives yesterday as price went up to key price sensitivity area at 1890 whereby huge rejections were seen. Key level was warned ahead of time. Price broke out of bullish structure and below key support level at 1860 which gives us clean sells to the downside as per analysis since Monday. Will only be looking for sells and no longs unless there is a shift in structure or market sentiment. Will only look for buys if price breaks back above 1883, correcting the whole downside move yesterday.
A break of 1860s, will be targeting minimally 1830s giving us a solid 300+ pips with 1845 as a first target and ultimately 1820 and even extending to 1810s.
HRHR sells at 1876
MRMR sells at 1864 / 1863 region
Safest sells upon breaks of key levels 1855
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