Nofomo
GOLD consolidated all last week! Will we get a move this week?Waiting for price to break outside of value so that we can get a clear direction. Price did not much move waiting for NFP news for the week. And when the news finally happened it did nothing. So we will sit on our hands until price tells us what it would like to do. I am over all bullish and looking for bullish entries. But I also do not want to stick to firm to my bias so if it drops we will hold off and allow price to tell us what it wants to do.
GOLD should continue bullish as the Dollar takes a breakcaught a nice move yesterday and looking for the move to continue today. We are sitting in a high volume level on the VP and bears are starting to fall back from being active. waiting for the next 2hours of the Asian kill zone to show me what price wants to do.
Gold is giving Bullish Signsnow that we are in the London kill zone I am looking at price action and its looking like it wants to switch up bullish. Got In right at the open of Killzone. and price has now moved back above the daily level. Thinking it can hold from here and push up. if it breaks down then we will wait for a test of a lower level before getting in.
Gold is not Bullish...Yet...Now that we are in a new week and middle of the month we are waiting for price to show us what it wants to do on this Monday weekly open. I think they want to make a low for the week first before going bullish. So we will look for that price action to confirm first before considering anything.
GU could be getting ready to Reverse!Now that we are in a new month AND its election week next week the market could get very volatile. Dollar has been moving bearish all week and most are still expecting it to move bullish. I'm thinking its more likely to turn bullish for a little while. Leaving the Election news to give it the bullish push it needs to start pushing back up. This could lead to some significant moves in the market. We just have to remain ready!
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GU is volatile...but we need more data for direction...I cant really call it at the moment. Price is indecisive as we come to the monthly transition. The last day of the month and anything can happen. Watching for a solid direction and sitting on hands for now until London open. Expecting some good price action for both sessions going into Thursday.






















