I said it earlier in my last post that it’s time for gold to start going up, and its been going up since then. USD is struggling to hold ground and the liquid metal is skyrocketing to fill a gap around 1975 OZ. Till further notice I’m taking long term buys and short term sells on Gold.
Gold have been making big upside moves against a weaker dollar.
I'm still waiting for more confirmation to sell Gold. the trade is not fully ready but the candle stick pattern is screaming sell. Gold broke a weekly support at 1680 and its fully retested. so i would not be surprise if Gold crash down. i'm definitely expecting a crash.
THE blue lines are the TP's....... REASON I'M SELLING: Gold broke a strong daily support. and sellers are looking stronger than buyers.
A possible us30 buy. not fully ready but its looking promising.
Still waiting for a few more confirmations before selling Gold. i have a Sell-Limit order placed. cuz im about to go to bed. lets see how it goes tmr morning.
From my Point of view, us30 is gearing to go up. there are some gaps that needs to be filled on the upper side.
A daily trendline is broken and retested. we should be seeing a big down move soon.
I’am expecting gold to push up to 1800, as you can see I placed a fib and it supported the uptrend...... we should also watch out for the FOMC meeting coming up today as it will have a huge impact in the market.
I'M expecting a big down move on Gold sometime this week. Maybe down to 1765.
Bullish trend line break, it might be time to short soon.
WE COULD BE GOING UP FROM HERE.