rbwilkinson2

rbwilkinson2

Perhaps range after. News is important. 1% rule in play.

rbwilkinson2

Markets are unsettled. It's a low volume day so far. GOLD to creep towards lower lows. Like to hit target in mid NY session

rbwilkinson2

My GOLD IDEA is that it will be ranging this week. It was quite awkward last week as we saw peculiar behaviour with Gold dropping on Bad Economic News. Expecting GOLD to hit the highs and lows in opening of new Sessions. They will be my guide this week. Trade with Caution.

rbwilkinson2

Gold seeks to go lower. (Trade wisely.) Should retrace slightly then break through 38.2 Fibo. TP 1 at 50 Fibo (1836). TP 2 at 1829.

rbwilkinson2

I have cleaned up what I call my 'area of negotiation'. You can see that I have been fairly accurate. This is make or break time for Gold. There are multiple areas of support. Indicators are also favouring upward movement. The US dollar is still in the doldrums. 80% probability in my opinion. Trade and tread carefully.

rbwilkinson2

The dollar is weakening still. H4 MACD looks promising. I expect a strong push to the upside. In addition to the first chart I have included my secondary thoughts on expected action on Gold. Again there is risk. Trade and tread with caution.

rbwilkinson2

Utilising some form of Elliot Wave and a rather dynamic uptrend. I employ non-objective decision making here. I am biased for Strong Gold. Gold could seek deeper levels but it will move with little resistance to the upside. The 200MA wants nothing more than to sit under Gold on the H1 and H4. Poised to be a money maker on the strong ups and consistent downs. As...