Congratulations for those who hold their entry during asia and london session. Previously I mentioned that the TP is around 2000 and right now still running extra 60 pips.
Before the US session starts I will post my idea on the current gold situation after the London session. It has been a wild pump during the London session, however, correction must be made. From my analysis, there is an unfinished bullish QM setup on going due to no retracement still from the 2000-ish target and AO still showing bullish divergence. I'm expecting a little correction on the US session and you may see my yellow box target for entry. If the yellow box is rejected during the US session then we will have a good chance to reach a further upside in which my target is at the blue box. An all-time high gold might be possible but beware of a big rejection as the myth of gold as an anti-dollar is still valid. That's all from me. Have a safe trade.
Before the US session starts I will post my idea on the current gold situation after the London session. It has been a wild pump during the London session, however, correction must be made. From my analysis, there is an unfinished bullish QM setup on going due to no retracement still from the 2000-ish target and AO still showing bullish divergence. I'm expecting a little correction on the US session and you may see my yellow box target for entry. If the yellow box is rejected during the US session then we will have a good chance to reach a further upside in which my target is at the blue box. An all-time high gold might be possible but beware of a big rejection as the myth of gold as an anti-dollar is still valid. That's all from me. Have a safe trade.