FX:XAUUSD   Gold Spot / U.S. Dollar
931 6 22

(SORRY for repost, last post i didnt place chart properly)
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Comment: 4 channels converges to 1300. its a sign.
Comment: we target pretty much almost hit, 1300 will likely intersect during nfp this friday

Bullish crab just completed.....so this looks like bottom..I just bought at 1305
Trendhopper Trendhopper
I sold at 1310 as I loaded up fairly heavy on it.....and I think the 1296 could happen.........we should get some bottoming formation over coming hours in my view... chances are that price will be sitting on 1296 as NFP data is released....but I think price will go up...
Loii Trendhopper
what happened to buy low and sell high, shorting this low is dangerous unless ur using tight sl
no you misunderstood...I bought at 1305 on completion of the Crab..and sold at 1310. (resistance)...now I wait for another long entry..probably around 1296 but will see if it breaks 1310 resistance
Hi Loii,I agree..I think it will wait again now until the NFP report then if strong should drop again, then because of hike threat in sept,because of it, drop again...equally the opposite if report weak, therefore odds of hike gone.....however, the fed need, strongish dollar, weak gold, mid markets to safeguard election in there favour! ie. There jobs! Malipulation works in many ways! Trump in the White House would be seen as a disaster. Gold would quickly reach to the sky! However although we are in a bull market and its waiting to go,this may not now happen until 2017. This fed may malipulate a new low for gold in the short term to keep the economy looking good for November..cheers thanks for your work..been more right than most here! Ron
Thanks for your time
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