Gold is moved up word from the Major trend line and rejected from the Minor trend at the top, Gols is still in the Channel and may break the ATH. I will look for the buying opportunity during the NFP. Let's see if NFP is pumping the Gold or Dumping it..
Noticed the bullish RSI Diversion in the Gold price Also, CPR is Narrow for Monday We may see the Bullish towards the weekly Pivot Point Short term target is 1956
I have depicted the Pivot Points on including the weekly and daily Resistance and Support level.
This is what I think is going to happen. a Fake out is going to be played ... 4 hr chart shows bullish for time being
Gold has established the descending triangle. will sell on the breakout. we may see a pull toward the daily and weekly Pivot point 2022-2022. waiting for the London session to see the reaction. Asain session has already broken the previous day low .
Gold is currently making Higher Highs and Higher Lows in the Rising channel. R2 is exactly falling in the golden ratio area so expected drop during the CPI News
It looks like Gold has completed the 5th wave and is now in the process of Wave A . ... Correct me if I am wrong
Not necessary to agree with my ideas, I am trying to understand the price action. you can see my previous charts which are almost correct.
In addition to my 1st Post, today's Gold Move may hit the 1932 level we can see good retracement at that level
Gold is approaching to the Key and continues till the US Session and till ISM PMI News...