1H chart b4 NFP: i set the estimated entry at $1258 and $1254, but finally $1260 holds well. so i booked small lot for entry at$1261.
Weekly chart:weekly candle see , and closed above the are good signals for bull. next tg:$1315-1317
Daily chart: don't forget our tg:$1289
Likely will retrace $1281-82
4H chart update: Gold likely bounce to test $1276, then watch whether it can break out, if not will go u-turn here, hope 1265 has priced in rate hike.
Weekly chart update: will it repeat? It's retraced 61.8% of last two weeks.
it finally hit very close to my target entry 2:$1262, but since it has little difference with my 1st entry, i didn't add.
$1252 support level holds well. holding longs from $1254 and looking for a bounce to test $1260. then see how will it goes.
the one different thing that i am not sure about is, last time we got Brexit, but this time...don't know what will happen next.
It's a false BO.$1250 still holds
Tomorrow possible is the date for U-turn,take care!
Daily chart Update:
vix vs gold
Now the down trend in short term will possible continue. just stay out from longs, if you're interested in scalping trade, short from $1243-1245 for tp:$1229-1224
watch the resistance at 1246, then, 1252 is the crucial level, bull need to go above this level.
see the chart: