MDT-Trading-Group

MDT-Trading-Group

In this period of uncertainty about the value of both DXY and Gold, I am looking at 15min charts and it is currently funneling down to a well waited break for today looking at the value to increase to at least 1971 in the next 4/5 hours

MDT-Trading-Group

Coming up to the elections, Bulls are scared of keeping long positions open and bears will prevail the market for the next couplet of days, upon election results, we will be able to adjust to the current trend or further drop if the wrong president gets elected. Looking at drops as low as 92....

MDT-Trading-Group

Currently stuck in an uptrend tunnel, bulls are keeping price from dropping below the 1857 level, potential of a daily raise to 1871 and above, with 1871 becoming the new support for Tuesday. With elections making the dollar drop, we could see a big positive move for the Gold as the end of Q3 is approaching and reaching highs of 1950+ by the end of Q4.