BM_ForexTrader

BM_ForexTrader

with the dollar strengthening and yields rising , means negative or rather bearish gold. risk off mode and less demand for safe heaven .expecting gold to retest and push further down. also with trump as the president ,it might be a catalyst for gold to continue dumping

BM_ForexTrader

I believe GU is due for a retest before the continuation of the dollar strength. it has broken major structure on Daily TF. looking to capitalize on the retest

BM_ForexTrader

GOLD is due for a pullback before we continue bearish. overall it is in sell bias ...what I will be looking for is to trade a pullback to @2590.00 . we have news USD later which might be a catalyst for the short term bullish move

BM_ForexTrader

GU is currently due for a pullback , I am patiently waiting for structure to confirm the shift in the bias so I can capitalize on the retest, . MID WEEK REVERSAL potentially

BM_ForexTrader

GU is currently due for a pullback , I am patiently waiting for structure to confirm the shift in the bias so I can capitalize on the retest, . MID WEEK REVERSAL potentially

BM_ForexTrader

check the previous post for the gold analysis that i posted ,as anticipated gold adhered to the sell structure inline with the dollar strength

BM_ForexTrader Updated 

Dovish or hawkish. As Trump has been elected as the 47th President, we experienced some movement in the markets with gold reacting bearish... Today with interest rates i believe the dollar will strength and push gold lower inline with the trend

BM_ForexTrader

Gold is yet to drop along with positive USD news... Go short after seeing price rejection and showing momentum on smaller TF. This is not financial advise

BM_ForexTrader

DXY is currently looking shorterm bullish, which is in favour with our GOLD correlation. Going into next week.. I want to see the doollar retrace and then buy

BM_ForexTrader

DXY is currently looking shorterm bullish, which is in favour with our GOLD correlation. Going into next week.. I want to see the doollar retrace and then buy

BM_ForexTrader

Gold has recently tested the 4H FVG and immediately rejected that level, inline with the bullish USD news. Next week i would like to see price create a LH to confirm true bearish structure

BM_ForexTrader Updated 

yesterday i was looking for sells prior CPI , although the numbers were low. todays sentiment still doesn't change as i expect another push after this retracement. the HUGE green block is my FVG and the other 2 consists of OB and FVG

BM_ForexTrader

i am expecting price to react from that 2312 level creating and double top continuation pattern in line with the sell structure. yesterday we had the same outcome as CPi with PPi ...buy the news, sell the fact. hence im still sell biased

BM_ForexTrader

Should price close bullish into the previous support on the hourly TF ,creating a breakout and break back in while hitting SL. i will then patiently wait for bullish market structure

BM_ForexTrader

I anticipate price to continue pushing bearish.. Following NFP last week plus market structure.... NB:dont juno infront of a moving train

BM_ForexTrader

we have AMD in play and we are yet to enter NY session for our distribution. NB: USD NEWS!!! coming up ,patiently waiting for price to test our FVG, then look enter bullish

BM_ForexTrader

Gold triggered our buystop as anticipated with the dollar news being negative.... Locking max profits

BM_ForexTrader

it has been a very slow day but we have high volume news coming during NY session. with that said i anticipate gold to push higher provided that the news a negative which would also align with DXY currently