FOMC is approaching Sept 17-18.
Traders have lost all their faith in that gold can ever retrace and shorts have been punished over and over.
A breakdown of 1522 on price signals a retrace. Lets see how deep we can go.
Traders have lost all their faith in that gold can ever retrace and shorts have been punished over and over.
A breakdown of 1522 on price signals a retrace. Lets see how deep we can go.
Comment:
Ain't starting selling a dime unless price breaks below 1522. I dont want to feed goldbugs in case we just go sideways
Comment:
is a chance that market want extremes here, i have some pivots in other instruments I study Sep 2nd/3rd.
Oil have a pivot then as well as TLT. If price goes up till Sep 3, I will sell no matter what the price is.
Oil have a pivot then as well as TLT. If price goes up till Sep 3, I will sell no matter what the price is.
Trade closed manually:
Time factor reached for a low.