Gold

I have few minutes for analyse gold. This way down was expected with my previous posts and hit TP 1505 from 1545. As you see we are inside green up trend and right now near bottom (with today slap it confirm this trend) + cross 2x supports pink and violet. On pink you saw it was resist and with Powell and Home Sales it change to support what was confirmed today and violet is still long time strong support. So we are on really hard bottom gold now. Per technical trend rules gold should go up to 1570-75 (i posted on previous post) what is top of trend area. Tomorrow is NFP and later Powell so you will see move on red area i show. 1500 is bottom of trend, but there is chance for fake breakout with next support 1488. I know this are big numbers and not for small account, so please dont trade gold on low balance now !! If you want jump on huge buy, then SL MUST BE UNDER 1480 (previous CPI fall) !!! Summary : on CMP dont open trade, wait for lower point for buy or boed now with very small lot