Hey guys,
I got striked down on TradingView for the last upload, where I was bullish on GOLD. I still maintain that position.
We had 76.92% of the fundamentals that came out this week be strong, now for those that follow the fundamentals we know what this means in terms of inflation and rate cuts. And we know that rate cuts may see the dollar trading lower.
So I am still bullish but anything can happen and I'm not marrying my bias.
Reference to my last idea
Gold has been trading lower since failing break 2076.049 on the 2nd January. We now see price slightly rejecting the pivot of 2031.369, which sort of lines up with discounted pricing when taking into consideration the last 20 day range. Failure of this level to continually hold and push price higher will probably see us digging into the liquidity resting below the said level. We are far from it but a push past 1978 will probably see the bears testing 1921.691.
Support my by following and liking my ideas here on TradingView.
I got striked down on TradingView for the last upload, where I was bullish on GOLD. I still maintain that position.
We had 76.92% of the fundamentals that came out this week be strong, now for those that follow the fundamentals we know what this means in terms of inflation and rate cuts. And we know that rate cuts may see the dollar trading lower.
So I am still bullish but anything can happen and I'm not marrying my bias.
Reference to my last idea
Gold has been trading lower since failing break 2076.049 on the 2nd January. We now see price slightly rejecting the pivot of 2031.369, which sort of lines up with discounted pricing when taking into consideration the last 20 day range. Failure of this level to continually hold and push price higher will probably see us digging into the liquidity resting below the said level. We are far from it but a push past 1978 will probably see the bears testing 1921.691.
Support my by following and liking my ideas here on TradingView.
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