Good evening gold gang!! hope you have all had a nice weekend. Im back with the analysis for the first day of May! (justin timberlake meme)
Ok price is still in the range higging the 1993 level .. this level has been respected so many times last month and is proving to be of huge importance to the powers that be. However, the monthly has closed above the previous!! which is very interesting to me
This means that price is likely to move up but in order for it to do that, we will need some kind of pull back.
As usual im ready for whatever scenario, so we have buys and sells on the chart. The buys above would be nice but the range above the target is very tasty with no problems.
FOMC news on friday, its possible we may range again this week awaiting it .. but then we may see big moves in price and this could be the catalyst needed to move up. Lets find out!
If you like my work then please drop a like and follow .. i appreciate ya
tommy
Ok price is still in the range higging the 1993 level .. this level has been respected so many times last month and is proving to be of huge importance to the powers that be. However, the monthly has closed above the previous!! which is very interesting to me
This means that price is likely to move up but in order for it to do that, we will need some kind of pull back.
As usual im ready for whatever scenario, so we have buys and sells on the chart. The buys above would be nice but the range above the target is very tasty with no problems.
FOMC news on friday, its possible we may range again this week awaiting it .. but then we may see big moves in price and this could be the catalyst needed to move up. Lets find out!
If you like my work then please drop a like and follow .. i appreciate ya
tommy
Comment:
DXY showing signs of breaking out of the bearish channel. This can mean gold can pull back as i thought
Comment:
updated buy zones
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and boooom just like that .. the buys were there. Well done anyone who grabbed it. Easy work.
Comment:
another amazing day on the charts guys. Ill be back this evening for the outlook .. until then .. enjoy the rest of the bank holiday. Tommy