Hi Everyone,
Just sharing my thoughts on this precious metal, on the lower timeframes there is a slight change of trend where we can clearly see distribution and accumulation of buys and sell...
We are currently waiting for important news to spear the metal either up or down, for now it's all about range trading above 1885 and below 1900.
Keep an eye out on 10 year yields and 30 year yields as they have spike to YTD highs.
Just sharing my thoughts on this precious metal, on the lower timeframes there is a slight change of trend where we can clearly see distribution and accumulation of buys and sell...
We are currently waiting for important news to spear the metal either up or down, for now it's all about range trading above 1885 and below 1900.
Keep an eye out on 10 year yields and 30 year yields as they have spike to YTD highs.
Comment:
pair is playing out as expected and it's testing first real resistance point, should it break 1905 strongly the next stop is 1920s
Comment:
Again as predicted gold is heading to 1920s where there is stiff resistance and potential consolidation in play unless BRICS meeting really sky rockets the precious metal.
Comment:
Gold is currently in consolidation phase awaiting NFP this week, I expect the pair to bounce from 1910 to 1920 this week and not break either of those numbers.
Comment:
Gold will continue rising! Market sentiment is deteriorating!