From now one this will be new chart layout used in my ideas.
Daily sentiment is Sell it is obvious, that is why we were talking about selling this monster.
But we always let gold lead us. What gold did here is opened bullish gate, but that does not mean you jump in buy right away.
Gold did the same Friday, and seems is doing the same today. When gold is doing it then Dollar Resistance get's wider and new XO levels are created, it is called bullish accumulation. The same with bearish gate levels if it is happening Dollar resistance is getting tighter and no XO levels are created meaning sell is accumulating, this way we can feel the general trend.
My offer to you is if gold drops to 1225 now do your first buying, but don't be very hot, then do the next buying at 1223... and do more buying at 1220.
Gold is overall accumulating some serious bull.. you know why? Because when I said to go long before interest rate decision, and short DXY and UJ was because of dollar RES Gold SUP difference, it was just in no way stable. But the funny part is that now it is even worse on every recalculation that is done. Dollar is making higher XO resistance levels while gold is doing nothing, that is indicating just one thing - BULL.
For now I hold sell orders, but I am ready to add to buys. ( hedge setup currently )
Most of my followers including me have buys done before FOMC at 1200.xx ish so hold on your winners for now.
Those who are already in from 1200 you can add little bit on these levels.
And Aim 1242>1247>1259 >>>
Let's see hard to tell how long this can take. But I would love to see the drop first to 1225,1223,1220 levels.