AsianKings

AsianKings

i expect news to be negative for indices and Gold which will be used to anchor the retest while Gold in the long term pushes higher. 3 plays here which you can monitor

AsianKings

i am tracking 3 set ups for Nas as we approach some important news this week. i expect Nas to be bullish but the news events to act as the anchor for the pull backs and retests

AsianKings

There seems to be alot more pending buy orders that need to be filled before Gold can start to fly again. Some nice structure already being created for Gold to do some step movement to the downside.

AsianKings

i expect Gold to go and stop hunt the sellers before makings its way down to start collecting the resting orders for the buyers that are waiting for NFP. Don't get caught in the drama of Gold, it has a clear plan.

AsianKings

Gold is about to test it's ATH and then leave us all with our jaws dropped to the ground. i expect bullish movement this week but since we are in uncharted price ranges i expect alot of tests and retests of strong zones while the market figures out how to trade this asset.

AsianKings

I expect gold to get back to a billish sentiment especially with WW3 potentially on the cards, it should spaek alot of interest this week

AsianKings

due to the price action and the double bottom on Gold on the 1HR i am leaning towards a buy on the news event. if Gold can stabilize above 2340 before the news then it should be a buy

AsianKings

if you trading Gold then be careful as there is expected t be some big swings today, remember that CPI is not just 1 news event but there are multiple releases of data at the same time unlike NFP. i still expect Gold to be bullish but with a correction to the downside before attempting another new ATH

AsianKings

Gold isn't slowing down anytime soon, watch for the key retracement levels and CPI sell then buy move and catch the rally all the way to new ATH. the bull run isn't over.

AsianKings

with the news of possible interest rate decreases on the cards for June 2024 in the US economy there doesnt seem to be any deterrent in the way of dropping the price of Gold. having broke some key levels of 2300, 2320, 2340, it now seems that 2370, 2380, 2400 will be the next main pivots for Gold.

AsianKings

for Nasdaq 18400 and 18100 becomes very interesting to see how price reacts to these points of interest. in my illustration there are 3 key levels that you could use to potentially pre load the NFP buy move.

AsianKings

with NAS hitting ATH there is bound to be some manipulation to trap long term swing traders. i anticipate some key levels being respected before it ultimate picks a direction based on the NFP news

AsianKings

While Nas100 hit All time highs this week already there is still room for more upward momentum. i expect CPI to give Gold and Indices the push it needs to set the pivot for this year before a very rocky Q2 for 2024. if prices tracks according to my expectation then i will be entering my CPI trade much earlier to protect me from any spikes for manipulation.

AsianKings

i am expecting some huge sells come NY open today, massive manipulation with the CPI news adjustment signals that price is expected to have some heavy short movements

AsianKings

2 great set ups i am watching over today and tomorrow.

AsianKings

alot of inducement expected today, buying and selling traps can be expected with a push up for NY Open only to trap those that are going long and then it will push back to the down side for another reversal

AsianKings

Today NFP will be a BUY, Same price action for Sept, Oct and Nov 23. December 23 price action reversed

AsianKings

this is my projected move for Nas100 as we gear up for a major NFP move to the upside tomorrow