In the previous post, I wanted Gold to prove it can be bullish with breaking 77 and 82! Although I tried short, sentiment immediately changed after 1$ break of 1277. And of course after breaking 1282!
I would keep buying every daily close without looking at possible dips as they all should be considered as an opportunity to add! I will update swing L's daily.
But we should reach 1322 and 1348. It should be the right time! Rejection from a monthly key-level + First monthly move down + weekly bullish swing H break 1282.
Music! I am ok to post it now! This is a collaboration track. One of the best tracks I have made so far! Hints of House/Electro and Dance all in one! Thank you for your support, have a good one! youtube.com/watch?v=QjEFwee4eq8 P.S All trades taken can be seen live over at 2-100k challenge trading desk!
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We have a chance to go to 1282 - 1280 - 1274. If trend remains bullish it will break swing H 1289 - 1293 of course! But there is a selling pressure for now on intraday! UJ looks like it want's to go up as well! In other words only normal to have some dip/correction after 30$ rally! Allow it to dip if it wants! Will wait for re-load level then!
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If 87 broken by 1$ only then dip to 82 possible!
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Yesterday it broke 82 but at some point, it broke it down before it went up! Kinda opening doors to 1276. So if that is true we could fall back to 76 to reach the target before we continue! I ain't in rush with buying here, it won't go in a straight line up! Let's see! I have set the buy order there. If I get it good, if not I look for another one elsewhere.
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I dont like the break downwards of 1287.9 by 1$. Plus the same break 1282. If Gold goes up that means these 1276 become a target if you know what I mean. So somewhere up there it start to fall again and target will be 1276.
@Lil_Moskva, I don't think that a slow move of just 4$ can be considered a " pop " I am in no rush here! Will wait for Daily close! I'll buy the Dip OR above 1300
SandiAlexiz
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Dangerous waters today. We know a break up is coming, but what will happen before then?
davidmiller69
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will it go down to test 1282
Fib_Predictor
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I sure hope pun is not intended :)
Mo-Sid
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You are a legend big man! Love your work! Tomorrow FOMC should provide a nice dip, will be looking to buy that dip ;)
TheZabisyu
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@Mo-Sid, Man such comments will bring my assistants here! Be quiet! :D
@Mo-Sid, I think Vice Versa - FOMC will help to break 1300 again
Mo-Sid
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@TheZabisyu, hmmm... interesting. Let’s see what evolves as the minutes that will be released tomorrow is for the meeting from last month, the key points at that meeting driven GOLD down South.