Just want to speed awareness message to this community which is filled with beginner and intermediate traders , as we all seek help and support on this forum from each other via trading ideas , I just want to make very clear nobody can predict future price before , any body who is predicting price movements today with close markets simply don't know the trading...
market is not yet ready for down movement as 1554 is holding today and 1558 is barrier apprently ,but if we dig little deep we kow smart money as added more long into gold , As we walk with smart money now , rest you know better
A gentle push again toward 1560 and stay there will trigger buy interest
As we know market is filled with negative sentiments around Gbp but scenerio backend is changing at the moments , smart money adding longs at crucial time is interesting move and we should follow them , looking at present state gbp is at support apparently and holding since few weeks a up move is expected to later dump on inetrest rate decision ,
Long awaited crap is again back on charts just to make ness out of financial markets , techincally net long are increasing by 15k this week so trend is bullish stronger than ever now but uncertainity will drive gold up down this week
we are in range of 1540 to 1580 and right now we are in downward momentum