Hey everyone... Last week I spoke about a push coming from the 2560 range due to the Daily hitting support. If we look now we are $70 up... over 700 pips... A beautiful setup... Strong key area here but I still see 2660s!
Mentioned last week I see upside movement....2596-2615 is next on the menu. So far playing nicely
Hey guys I am eyeing a close of this Daily candle.. I think we have an opportunity here to be Bullish going into December... I am looking at this forming a large Head and Shoulder pattern by pushing to 2688-85 range....Look for a push till next week! Be wise
As mentioned we would still have room to fall to 23.6 and here we are.....Wait for wicks and look for rejections!
Buyers...Do not buy yet as 2560 isnt here yet...23.6 on my fibs is the area I see rejections coming in...2554 is also an area of interest.
Gold Update: The price is still on track to reach 2576 and 2558 as long as it trades below 2587. As long as it remains below 2587, selling toward 2576 and 2554 is GAMEPLANNNNN. 🔽 However, if a 4H candle closes above 2587, this would signal a bullish correction toward 2606. Timeframe 4h, 1h current price 2584
Today, Gold is expected to experience bearish volatility, primarily influenced by the anticipated CPI results. ➡️The price maintains a bearish outlook as long as it trades below 2612 and 2625, with potential targets at 2587 and, subsequently, 2554 if downward momentum continues. ➡️A bullish reversal would require a break above 2625, which may only be likely if...
The notion that we see 2640 isnt there yet unless we break 2618..Weekly shows us that we can potentially see 2560....A break of 18 leads us to 37-44