nsanday1

nsanday1

Thinking of selling as price comes back up for a retest sell to continue the trend down

nsanday1

I think well see price dip below the lows for liquidity, a quick stop loss hunt before price will go back to break previous monthly highs and create new ATH's

nsanday1

what do you guys think? is it going down from here?

nsanday1

If price breaks the 50k psychological level, we will have clear traffic to 55k, with inflation rising, US debt increasing, unemployment etc, people are really losing faith in the US dollar at this point, everybody is getting tired of the federal reserves lies. With negative NFP numbers next week I believe price will break the 50k zone and continue up to 55k.

nsanday1

euro buys

nsanday1

Price has bounced off the key psychological 1.2000 level twice before, will it bounce off it again? or will it break through it for shorts? mmmmm

nsanday1

I think price will form a double bottom on the 150.000 psychological level as it has respected the level already and go up to continue the upward trend we can see on the 200 MA. Price has broken through the 200 MA so get ready to sell if it breaks through the 150.000. But we must wait for the London or new York session volume to show us the clear direction.

nsanday1

Major support at the 150.000 level, if price breaks we take sells, if price rejects the 150.000 with a bullish engulfing we take buys. But we must wait for the london session volume to come in and show us the direction.

nsanday1

The US10Y is lowering, i feel like the USD dollar is going to get weaker long term despite the positive NFP numbers. I could be totally wrong, just an idea

nsanday1

Based on the US10Y correlation gold price may continue to rise although we are on a down trend.