Looking for going up till 1764-65 levels. Looks like a order block there and we can expect a drop... I'll wait to see if Bears take control.
Even analysis tells me that, is gonna be a dangerous week to trade since FMOC is there...
Gold is on consolidations since last days...
We had some drops and push back up. Gold did retest ascending channel and today I expect a drop till levels 1782/3 as a previus steps for further drops till 1760 during september.
Will look for some sell entries during day.
GU did a false brake out of ascending trend line and rejected to go further 1.37300.
My expextations is that is time for a drop since there is a hard rejection on D1 candle, also on D1 we can see a double top.
Even this factors, im not sure is gonna be a large drop. Double botton on leve 1.36300 that could mean that gu could keep this bullsih trend. Is for that...
Levels 1785/1795 are an important structure zone since july 2020 and was too on 2011 to 2013...
Gold today could stay between this levels. I expect a push up till 1795. May be a little more to grab some liquidity.
This strong area make me be really patiente to see what gold will do.
Dxy have quite a lot of gap to fill bullish but also could reject to...
Yesterday gold did a nice 300 pip drop which i was looking for it on friday news. Even that I catched the drop as u can see in my yesterday idea.
For today im expecting some correction to 1804/1809 levels. Could be a bit higher to do a retest on ascending trend line.
Dxy Is retesting and I expectec it drop and thats supports my gold correction idea.
As I mentioned on my last analysis IMO gold will range this week untill friday news.
We already had the higher levels and now looking for lower levels that could be 1816-1817 or may be a bit lower.
My first tp is 1821 and the next one is 1827. SL 1814
I'm aa newbie and this is my first analysis shared.
Gold is on major half july resistence. Tested 4 times already. May becone weak. Since I like to scalp, I look for intraday trading.
Gold is inside an ascending channel since midle august and respected it quite perfect since then.
Nfp produced a big rise of gold price and a correction is expexted. Macd indicator...