Price going above sma200, sellers starting to show exhaustion.
Monthly support taken out, next support is around parity.
A bear flag formation was broken. Confirmed short. Next target 19760.
The leading markets: IYT, HYG and XBI are making a pullback. DOW should follow.
The selling pressure from commercials starting to impact price. Price breaking sma20 which shows a loss of momentum.
We should bounce on news release of FED rate hike: sell the news event.
There is a confluence of factors suggesting that gold is due for a rebound: 5y seasonality pointing to a bull short term window, downside momentum fading, money flow bullish divergence. Commercials are accumulating. We are near an important support.
Contraction of range with price making lower high and lower lows. Bearish price action.
USDCHF hitting top of channel then pulling back, shprt till it stops working. Commercials are short USDCHF at this level
NG broke trendline support. Price went up too far too fast.
Price is within a tight sideways channel. Short resistance and buy support, until it stops working.