Gold Idea - Friday
I hope everyone is well.
I have been watching gold this week, lots of opinions on it both flying up and coming straight down.
We did see a test of the bottom around 1920. I feel like this area has been rejected multiple times. I think this is a good sign for everyone who is Bull and looking to get a new higher high.
There is some news today which can give DXY a bit of a pump or dump also.
I do expect Gold to fall and possibly test a low of around 1923. I think we may see a climb to around 1937 first however.
Another test of the low 1920 area (1923) with some good rejection, i think will be a really good opportunity for Gold to try and push for a higher high, maybe this time achieving 1955-1960?
I could be wrong however, i will be keeping an eye on Gold for the rest of the day and into next week.
Feedback appreciated.
All the best
I have been watching gold this week, lots of opinions on it both flying up and coming straight down.
We did see a test of the bottom around 1920. I feel like this area has been rejected multiple times. I think this is a good sign for everyone who is Bull and looking to get a new higher high.
There is some news today which can give DXY a bit of a pump or dump also.
I do expect Gold to fall and possibly test a low of around 1923. I think we may see a climb to around 1937 first however.
Another test of the low 1920 area (1923) with some good rejection, i think will be a really good opportunity for Gold to try and push for a higher high, maybe this time achieving 1955-1960?
I could be wrong however, i will be keeping an eye on Gold for the rest of the day and into next week.
Feedback appreciated.
All the best
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