I will not say too much about my strategy, but I am longing for gold. For safe traders, can take the position once it crosses 63. Say Curli Said it.
Gold went through a roller coaster today. Ups and Downs. Triple heads. I feel that it is yet still not clear which direction it will go to as it is balancing between support and resistance. if it breaks the resistance, look for buy. and if it breaks the support, we will go short.
Gold is very boring today, trying to hard to break the 50 resistance. keeps failing. we will see in NY session what will happen, if it breaks with a one 4h good single candle the 50. Gold will moon, if not, it will go down to 1936, if it breaks the 1936, then most likely we'll see 1812, and 1800. The main reason why there is a huge spike of Gold is because DXY...
Very strong Resistance, gold will soar a bit now, then it will go down once the FOMC meeting happens next week.