There was low volume since it since like people are not that excited to move the price around the night before the fed hike D-Day. Here are my set ups for tomorrow. Got some extra $DUST and $JDST today on the dips that occurred today. I will expect lower volume tomorrow prior to the release/Yellen Speach. Stay close to the button when it hits 2PM EST. My call is...
STOCH and MACD is showling a slow reversal into a bullish motion. Not claiming that gold has hit bottom, bc we are still in a bear strong trend. Let's see who wins this fight inthe 1160-1156 range.
During the Asian Market, if gold is able to break the blue barriers at 1167.40 it till continue in the red down channel. If it is able to use it as a support it can return and retest 1170 mark. if bear continues to go past the first blue, see anther blue support at 1163.40 which it had difficulty in the past. Keep you eyes on the USDJPY and USDEUR to support your...
The tight 1170-1172 range will determine the trend for the day. Whoever is able to proper break those thresholds ride that wave. as always, safe trading!
Expect to see a bigger fall if bears can bring the gold price to cross the 1172 threshold marked in red line. If somehow the bulls are able to bring it back up to 1176, it can trend up to 1180 (next resistance level). THe odds are on your side if you are following the bear train. Safe trading y'all~
The gold bulls will try to bring the price back up to 1170. Buying up every dip in the yellow box. However, Bears also have a plan of their own. They will be striving for their next goal which is the support of 1165/1160. Remember, Safe Trading!
Check yourself before you wreck yourself Safe trading.
Bears seem to still be in control. Bulls will try to reestablish their ground at 1700. Bears/Bulls are going back at worth in this downward red channel. Safe trading!
The fight/focus area is the yellow box. Bull will try their best to retake the new resistance of 1170. Bears are gonna try to ride that momentum near the new support of ~1160, while also battling the dowwnard channel that has been alive for the past few days. Safe trading!
My previous "focus" yellow box was beared out "RED RED RED" now on to the next focus box. keep your eye on 1155 level and the bear/bull fight at the 1172 area. Trade safely!
lets watch the price bounce within the yellow box, where the action is taking place. Remember SToch and Macd show a downward pressure. trade safely everyone!
My eyes are on that gray box. if we see the prices dip out of the blue uptrend channel I'm switching to short. If it maintains a strong bullish channel in the blue, we know what to do ;)
With the help of USD slowing down a smidge, let's see if JNUG will continue to follow my red downtrend channel or break through and catch up to it's stronger uptrend blue channel. Arrow is my plan A. red channel is my plan B.
Here we go fella's. My eyes on the possible arrows!
Assuming she mentions a fed rate hike here is my game plan
Look for the blue flag to form in the red bear flag.