GOLD TO STAY RANGEBOUND - FED NEEDS TO PIVOT
Looking at Gold contracts and even though they slightly increased yesterday by circa 2,000, it's still not enough to push the price higher.
I can expect during US session for gold to do either a Fakeout or straight drop down to previous known levels.
Should gold break 1970's expect a quick rise to 1980's where bears will be waiting to sell it again.
Can't see Gold reaching 2000 mark until end of Q3.
I can expect during US session for gold to do either a Fakeout or straight drop down to previous known levels.
Should gold break 1970's expect a quick rise to 1980's where bears will be waiting to sell it again.
Can't see Gold reaching 2000 mark until end of Q3.
Kommentar:
Pair played out perfectly, I expect a short term bounce followed by a drop to 1930 area where buyers will be patiently waiting
Kommentar:
Another great trade, position now closed.
Kommentar:
Gold is not at critical support zone... Bullish Powell will push Gold back to 1900.