What is up gold gang! hope you are all well and rested after the long weekend
XAUUSD today we caught the sells in NY as forecast last night .. absolutely beautiful. Well done to anyone taking that on my analysis.
OK as for tomorrows asian london and NY .. lets get in to it
Price has failed AGAIN to stay above the 2000 level. This says to me that its too strong a psych level and in order for price to stay above, there needs to be another big news event that would effect the dollar negatively. Until then, i believe we will see more pull backs.
I have my sell level marked below todays low. The only problem with this is the area marked out in the white box .. there will be some kind of reaction there .. so either wait for price to clear it .. or take profits there as its likely to bounce.
Buys are back above the 2000 level .. reason for this is we are heavily bearish at the moment and would need to see some heavy news in order to change that.
As usual the target prices are on there .. dont be a greedy guts and take profits along the way .. don't be that instagram guy saying you just caught a 1:19999 once in your whole life .. its always better to compound small wins and keep the win rate high.
Have a good session guys i will catch you for updates in the london session
tommyXAU
XAUUSD today we caught the sells in NY as forecast last night .. absolutely beautiful. Well done to anyone taking that on my analysis.
OK as for tomorrows asian london and NY .. lets get in to it
Price has failed AGAIN to stay above the 2000 level. This says to me that its too strong a psych level and in order for price to stay above, there needs to be another big news event that would effect the dollar negatively. Until then, i believe we will see more pull backs.
I have my sell level marked below todays low. The only problem with this is the area marked out in the white box .. there will be some kind of reaction there .. so either wait for price to clear it .. or take profits there as its likely to bounce.
Buys are back above the 2000 level .. reason for this is we are heavily bearish at the moment and would need to see some heavy news in order to change that.
As usual the target prices are on there .. dont be a greedy guts and take profits along the way .. don't be that instagram guy saying you just caught a 1:19999 once in your whole life .. its always better to compound small wins and keep the win rate high.
Have a good session guys i will catch you for updates in the london session
tommyXAU
Comment:
pretty awful price action so far today ... took a loss on the first buys when price reversed and now we are ranging. My buy and sells levels are still the same just above the previous high now not the key level. Sells are the same .. im praying for some volume this NYSE open .. tommy