Notes for gold. 1. gold had rebound from previous impulsive wave. 2. with geopol tension 3. Russia threat for nuclear war. 4. Current state seem to be a risk off. 5. waiting for a better signal on gold movement.
Pull back and show some reversal signal 50% after impulsive wave.
EU USD has break the support with volume. ready to buy if price retrace.
We can see gold are currently trading in range before the CPI and FOMC meeting. we will see some move when we know what the FOMC meeting result and next CPI will indicate if 50bps are still on table.
Rejected Resistance twice at 0.23 zone rejected support at 50% Fibo retracement at 0.14 . looking for long position for this counter . target of 0.23 next resistance is 0.195 target for 2-3 month MT trade . EP 0.155
USD - Risk of no rate cut will boost USD higher - FOMC News - Trump tweet - China trade war JPY - Safe haven currency - Risk off
This is a short term trade for long GBP . Good data today , overall GBP are still risky as the brexit issue are still on the plate . Keep you SL thigh #Be a trader