Only the chart can truly tell you what the chart is going to do.
It seems to me that Gold will rise, probably throughout the week and maybe even the following week.
@Navigation-h , I saw your analysis on Gold, I thought I'd share my opinion on it.
I think considering the dollarX nearing a demand, Gold is most likely to drop.
It could possibly be the biggest drop on Gold(thus far).
I could be wrong though.
What I like about supply and demand is that I BUY LOW and SELL HIGH with the LOWEST RISK possible.
Is that how your strategy has you Buying and Selling??
This is a smaller time frame on the Dollar Index, and that is my expectation of it.
I trade supply and demand, no indicators or anything else but price, it's all I need to know where the high probability of price going up/down is.
I'll publish a monthly outlook shortly after this.
The demand on GOLD is where I'll be looking to take a long/buy a ticket trade.
Am with the Dollar index also nearing a Supply, it's a high probability trade for sure.
As the Dollar index approaches a supply zone, we expect a drop from it(supply).
And when that happens we know that other dollar pairs will follow, Gold in particular has/is playing at a demand zone.
But let's wait and let the chart untfold.
Any thoughts??!!
