Gold Spot / U.S. DollarUpdated Expecting spikes and then a free fall
Gold was continuously rejecting the idea of falling below 2177 for the last 12-14 trading hours. Once NY opens it will spike up for a preparation to fall again.
The DeM(14) on H4 shows that we are up above in the overbought area since 1st of March, So we either get the fall today, or after the CPI reports
The DeM(14) on H4 shows that we are up above in the overbought area since 1st of March, So we either get the fall today, or after the CPI reports
Note
This is a bear trap. Don't fall for it. 3-4 strong rejections at this level 77 and still not cracked.Note
We reached the rejection at 84.9. Now we will go down, I would sell again at 83 If I get the chance.
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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.