Gold leave many unseen target on this way up. Read it as a sign that bull is not healthy. PV target is 1430 but I think Gold not ready to see it yet. This month most serious keylevel zone is 1196 - 1205. I want short gold for 3 unseen targets on chart. Taking it as one more leg down, and then loading for PV target.
For now waiting to get in this zone! Make America great again.
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Gold hit the sell area, but no sell is taken now. I wait close price and with calm mind and fresh look decide to short now or higher.
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Ok, I think I want to short Gold at this area. Won't provide the entries you find them based on your plan. But I give this a try till 1202 is not violated! Safe trades!
I will risk and leave this sell open during weekend without hedge because it is small risk small size sell and even if something unexpected happen and gold open on Monday to the moon this position can't cause a lot of problems. Will see the close price data and wait for next week. Happy weekend.
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Damn, it's Thursday today, for me it was already Friday. Lol Never mind.
Thanks for update..i do share your view that next level we ll be testing is 1196-1205 .and then quickly to 1230..
Hopefullly,by the end of this month...
Institutions and hedge funds started buying heavily as of last Friday..DPI (Dark Pool Index) has jumped to 77% on Friday (as it was reported) ..Last time we saw such activity was February-March OF last year...and another bullish sign that bullion banks have stopped their "suppresive game" at and before opening of NYSE session..apparently accumulating their long side positions on Comex , which they had started adding at 1130-1150 levels..
Next two remaining trading days could be very interesting..wish i had more funds to add to my JNUG and GDXJ positions..
TheZabisyu
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@leonarddavidson60, I don't read these COT or other reports, they can write whatever they want there and make up whatever report they want.
Proph1t
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regardless if he says something smart or dumb tomorrow, chances of a whipsaw are pretty high..gold could go down as low as 1097, but either way it should be a good long once the dollar hits 105-106 area. once dollar starts to go down it will go down in a choppy fashion for a long time (weekly decline)...
Hopefullly,by the end of this month...
Institutions and hedge funds started buying heavily as of last Friday..DPI (Dark Pool Index) has jumped to 77% on Friday (as it was reported) ..Last time we saw such activity was February-March OF last year...and another bullish sign that bullion banks have stopped their "suppresive game" at and before opening of NYSE session..apparently accumulating their long side positions on Comex , which they had started adding at 1130-1150 levels..
Next two remaining trading days could be very interesting..wish i had more funds to add to my JNUG and GDXJ positions..