For today, I'm expecting a move up to around 1943 during the London session. However, over the New York session, I anticipate a drop down to 1928, possibly even 1924. My entry point would be at 1934, which is a resistance area that aligns with the 68% Fibonacci level. Additionally, this setup could form a nice head and shoulders pattern, providing further confluence.
Considering the strong bullish sentiment of the Dollar at the moment, I would not recommend a long position in gold. As always, it's crucial to stay informed about news events, as they can quickly impact market dynamics and lead to new highs or lows. Keep a close watch on both technical and fundamental factors for informed trading decisions.
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Wait after news, maybe we can get with the news up there and then short it! Would be a realy nice trade!
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I've my sell limit at 1934.20 sl over 78%fib level and tp at 1924. If we got taken in before news I hope I can set sl at break even
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Let's make some money! Before news sl will be moved!
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Dxy must stay over 105.000 that would be perfectly for our sell trade