GOLD has seen hit the target of 3k.
looking gold base on Daily and Weekly candles it is still bullish. and it is very high potential to go far.
However on Friday with the high impact new of consumer sentiment and inflations expectation that suppose to be weak data for USD but gold did a strong sudden dip of about 200pips.
In the smaller time frame like M30/H1 gold seems to to make a reversal with HNS is clearly visible and also the entry in 3000 was very short within minutes it exit with a strong rejections.
so next week i expect to witness high volatility as last week growth of 1,250 pips exactly for the weekly candle itself from tip to tip.
i am still bias to buy but we got to be prepared to sell when there' s opportunities. hence for the either directions with few key zones to trade and only please trade within the zone with confirmation.
A self reminder for myself.
looking gold base on Daily and Weekly candles it is still bullish. and it is very high potential to go far.
However on Friday with the high impact new of consumer sentiment and inflations expectation that suppose to be weak data for USD but gold did a strong sudden dip of about 200pips.
In the smaller time frame like M30/H1 gold seems to to make a reversal with HNS is clearly visible and also the entry in 3000 was very short within minutes it exit with a strong rejections.
so next week i expect to witness high volatility as last week growth of 1,250 pips exactly for the weekly candle itself from tip to tip.
i am still bias to buy but we got to be prepared to sell when there' s opportunities. hence for the either directions with few key zones to trade and only please trade within the zone with confirmation.
A self reminder for myself.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.