Looks like we can have a consolidation or even a retracement week so stay tune for any update and trade idea. Good week and good vibes
1277-1281 is crucial level to watch for buying gold. with stoploss below trendline.
Gold Has seen some whipsaw action over the past few weeks. With futures trading lower and lower, the FOMC meeting on thursday, Can gold continue its downside move into 1200 per oz? XAUUSD GLD UGLD JDST GOLD
Gold and Silver is on the lower side of the bollingerbands here, which in the past indicated a buy area. Keep it on the radar screen.
I made an about face on my bias of gold yesterday where I flipped from bearish to bullish. This doesn't mean I am indecisive or have multiple personalities, rather it was due to watching what price was telling me. Don't ever be afraid to change your opinion of a setup on a dime. Price action and the "price story" is always changing, and thus our bias' of that...