GOLD: Great Zone that was, 1180-1170! PRICE ACTION says, indecision around this zone. Interestingly, we seem to be getting a BO of Inside day southward. How I wished we had a fake BO to the North prior ;) Cant attache updated chart, as TV data not loading. Click play above to view current situation.
Thanks to 1180 -1170 ;)
Shouldnt the rally begin from here on..??? ;)
Gold seems to be in a no man's land right now, at least, in the bigger picture of things. 1120 for me, is the line in the sand. A drop below could take us down into the sea, and below, whilst a break above could see us touching the reds above. However, regarding the impulsive moves up on the daily chart, at least, I am bullish biased.
'1170-1180' and then later, '1230-1250' are ZONES I expect to hear price speak to me. I still hold my long because price action is still bullish. I will REACT to what price does. I'm still anticipating a rejection, but price is KING.;)