Hello traders. For my daily chart breakdown, I have marked zones that have buying potential for me. My no-trade zone is clearly marked, as I will be looking for gold's direction at the start of this trading week. I am bullish on gold, long-term, and with all the downward movement we have had, I am bullish on gold for this upcoming week. A break and close below 1800--I would be looking for potential buys around 1785. Until the big players start dumping institutional money in for longs, we could still see a little potential for down-side momentum in the short term. We have 10 trading days left in this month, and with all the pushing down we've had for the first half, I am fairly confident that we should retrace and move up this weeek. All thanks goes to Big G, my mentor. I wish safe a profitable trading to all. Thank you for checking out my chart.
Pip Whisperer
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Pip Whisperer
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.