Buy the dips, time to buy gold!
Updated
Buy the dips, time to buy gold!
I am utilizing Intra-day #8 - #12 point Trading opportunities while my #2,712.80 Medium-term Buying orders are intact with Stop's on breakeven (#2,800.80 optimal Target). I will continue Buying every dip which Gold delivers.
Technical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected. #2,722.80 - #2,742.80 Neutral Rectangle zone with #2,752.80 benchmark representing possible stop and local High's. Upper maximum extension can reach #2,762.80 Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Selling extension will last for long as Gold will be ready for another Buying sequence (Buying every Low's), where another relief rally might be ahead. It is important to note that Bond Yields found the Support and engaged the spiral recovery (# +1.84%) which can extend the uptrend on Gold (positive correlation lately between the two). I will use this configuration and observing market closing (closing below #2,722.80 confirms the downtrend extension), where Gold (in that case) should Technically be ready for #2,700.80 benchmark test.DX however remains merely Neutral however near Higher High’s peak, adding Volatility on Gold counterbalancing the rise on Yields.
Fundamental analysis: All this gives me the impression that Gold has at the moment more probabilities to a Short-term uptrend than break below the Support zone. Gold continues to be contained within parabolic upside however isolated within Neutral range for the last #3-consecutive sessions. Hourly 4 chart is on (# +0.10%) switch and represents an cautious fractal. Keep in mind that the Medium-term pattern on Daily chart is an Ascending Channel and Gold is on its Higher High’s decimal zone with Lower levels being a potential Lower Low’s Target. I don't expect today's Trading hours to have a big impact as like I've been highlighting on my remarks, the market will wait for important macro-economic events before making a move.
I am utilizing Intra-day #8 - #12 point Trading opportunities while my #2,712.80 Medium-term Buying orders are intact with Stop's on breakeven (#2,800.80 optimal Target). I will continue Buying every dip which Gold delivers.
Technical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected. #2,722.80 - #2,742.80 Neutral Rectangle zone with #2,752.80 benchmark representing possible stop and local High's. Upper maximum extension can reach #2,762.80 Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Selling extension will last for long as Gold will be ready for another Buying sequence (Buying every Low's), where another relief rally might be ahead. It is important to note that Bond Yields found the Support and engaged the spiral recovery (# +1.84%) which can extend the uptrend on Gold (positive correlation lately between the two). I will use this configuration and observing market closing (closing below #2,722.80 confirms the downtrend extension), where Gold (in that case) should Technically be ready for #2,700.80 benchmark test.DX however remains merely Neutral however near Higher High’s peak, adding Volatility on Gold counterbalancing the rise on Yields.
Fundamental analysis: All this gives me the impression that Gold has at the moment more probabilities to a Short-term uptrend than break below the Support zone. Gold continues to be contained within parabolic upside however isolated within Neutral range for the last #3-consecutive sessions. Hourly 4 chart is on (# +0.10%) switch and represents an cautious fractal. Keep in mind that the Medium-term pattern on Daily chart is an Ascending Channel and Gold is on its Higher High’s decimal zone with Lower levels being a potential Lower Low’s Target. I don't expect today's Trading hours to have a big impact as like I've been highlighting on my remarks, the market will wait for important macro-economic events before making a move.
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Hello, dear trader
The NFP will be released this week, which means there will be huge volatility in the market. Of course, it's also a great opportunity for us to make money because I have friends who work at the Federal Reserve and I will know a lot of inside information in advance, including some trends in gold, bitcoin and forex. I'm also good at big data trading. You can see that I have made huge profits by trading during the recent volatility, if your account is losing money, or your account is locked, or you are a new trader, you can contact me and no matter how much money you have, you can get my help!
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+kM8NTCB_HEI1N2Qx
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