Personal view on Gold for the next couple days

Gold on 4H at this moment perfectly bounced from the supporting line and also the EMA 34, it's likely to revisit back 1200+ again, besides, on my chart, it has a tiny hidden bullish RSI Divergence as well. Besides, 4H UJ somehow bounced down on EMA 34 as well (what a coincidence, and i'll post chart below)

Switch back to daily, looks like gold is sitting on the falling edge, retrace down looks really possible.

I'm not expecting gold hit above previous high, but there's no guarantees in finance market. I'm still remain bullish on gold mid term, it's just interesting to see how PA of gold showed its toughness after Trump speech.

On a short term, i still love to see a retrace.

Kommentar:

s3.amazonaws.com/tra...shots/n/NyAsk0fg.png

UJ bounced from EMA 34 and still remain in the downtrending channel for now

Kommentar:

To be honest, I just don't like the price for now, it looks like it about to retrace, but it's not. But you also afraid its to high to chase long...Ehh...

anyway, I'll just do intraday scalps on either gold or UJ until DJ Trump's inauguration

Peace

Kommentar:

Mini Term Bull on UJ; Bear on Gold

UJ Bull Div shows and Gold Bear Div shows on both MACD and RSI

s3.amazonaws.com/tra...shots/h/hGVxeX7U.png

s3.amazonaws.com/tra...shots/y/YXWGLx3W.png

Trade wurde manuell geschlossen:

1H gold looks really bullish, leave my last chart here, will consider reload at 1207 area if we get there, if not, i'll buy the retrace after the breakout of the top red resistance line, thank u

s3.amazonaws.com/tra...shots/z/ZM1kHwDR.png

Kommentar:

I guess I closed my short too early....fml