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Printing machine go brrr brr. Gold is currently struggling to go above 1900 with the strength of usd taking effect. I’m currently looking at selling gold at any level from 1900+. My sclap TP is 1870 my swing TP is 1620.
Printing machine go brrr brr long live usd.
FOMC NEXT WEEK WEDNESDAY KEEP CALM AND SHORT GOLD
Gold is looking to continue the uptrend since April base on technical. Last week we had 2 main fundamental news being ADP and Unemployment claim which cause DXY to rise and all pair to drop against the USD. Right now it look like gold is going back up to retest previous high at 1915. Keep calm and follow the trend
Gold have been making positive bullish move since the past 3 week we close green. However if you switch to the daily you can see it have made 3 rejection every time it touches the trend line. I am currently looking for a short next week to send gold back to 1956.
Gold had the chance to go to 1899 on Friday however the pmi news made 1890 resistance still unbroken....
Right now gold is strongly bull on this month candle we already broke august downtrend on the daily at 1864. Up next is 1880 to brake. Just follow the trend from April 1st until it brake
KEEP CALM AND CONTINUE BUYING GOLD!!
Reason to long gold
America low interest rate
More money printing to come by Biden administration
Overall it is a down trend.
Gold have been rejecting the bottom on the 6hr it could be a sign of long position to 1785 where my top trend line reach before continuing dumping overall I’m shorting gold between 1785 and 1790