Intraday analysis for 9/12/2022
Note: PPI news 9.30 pm (expecting good for the dollar index)
1794 region was a key level of interest to take note off whereby scalps was taken from 1791 up with profits taken.
On the higher tf it is a fake out and currently is filling the wick to the left as marked in the charts. If we can see bearish continuation i can see sells heading towards the 1776-1778 region whereby there could be another potential wick fill.
HRHR sells 1790 ( playing out )
MRMR sells 1781
Safest sells below 1764
Do note that although we are playing our sell bias adapting to market price action, we have to know our overall fundamentals which is gold bulls hence any sells will be in a form of a scalp or at best an intraday trade.
HRHR buys at 1766
MRMR buys at 1776
Safest buys above 1794
Note: PPI news 9.30 pm (expecting good for the dollar index)
1794 region was a key level of interest to take note off whereby scalps was taken from 1791 up with profits taken.
On the higher tf it is a fake out and currently is filling the wick to the left as marked in the charts. If we can see bearish continuation i can see sells heading towards the 1776-1778 region whereby there could be another potential wick fill.
HRHR sells 1790 ( playing out )
MRMR sells 1781
Safest sells below 1764
Do note that although we are playing our sell bias adapting to market price action, we have to know our overall fundamentals which is gold bulls hence any sells will be in a form of a scalp or at best an intraday trade.
HRHR buys at 1766
MRMR buys at 1776
Safest buys above 1794