Last week we killed 
GOLD with that almost 100$ drop!!, it was the perfect week for us as our forecasted analysis was accurate with Fundamentals and Technical combined which has always proved to be a very powerful combo when trading $Gold!
This week I am expecting a continuation after a slight pullback, the pullback may or may not happen and it could be a straight drop, as always, the market is always right and all we can do is forecast and hop onto the train at the right price point,
It will be a very news heavy week, we have NFP being declared early as July4th falls on the Friday and US Markets will be closed on Friday;
Tuesday, Wednesday & Thursday will have all the heavy news, ISM manufacturing and services PMIs , JOLTs data & ADP while the much-anticipated June NFP to finish the week Thursday.
Check the chart attached and lets dive into the number and price points! I will send updates throughout the week as required, but either way I will always put my balls on the line and shoot out a forecast, If I am wrong I will learn and adapt accordingly, Markets are starting to get very optimistic and this week will again be an interesting one, I believe we are going to be seeing Risk ON environments with more optimism.
Interested pullback area to continue lower + prices points:
1. 3295
2. 3301
3. 3310
4. if it moves above these levels, I will then look at my fib price points which are 3319-3330-3340
Take Profit levels & Potential Buy Areas :
1. 3250-3245
2. 3206-3195
3. 3155-3148
4. 3118-3125
GOLD with that almost 100$ drop!!, it was the perfect week for us as our forecasted analysis was accurate with Fundamentals and Technical combined which has always proved to be a very powerful combo when trading $Gold!This week I am expecting a continuation after a slight pullback, the pullback may or may not happen and it could be a straight drop, as always, the market is always right and all we can do is forecast and hop onto the train at the right price point,
It will be a very news heavy week, we have NFP being declared early as July4th falls on the Friday and US Markets will be closed on Friday;
Tuesday, Wednesday & Thursday will have all the heavy news, ISM manufacturing and services PMIs , JOLTs data & ADP while the much-anticipated June NFP to finish the week Thursday.
Check the chart attached and lets dive into the number and price points! I will send updates throughout the week as required, but either way I will always put my balls on the line and shoot out a forecast, If I am wrong I will learn and adapt accordingly, Markets are starting to get very optimistic and this week will again be an interesting one, I believe we are going to be seeing Risk ON environments with more optimism.
Interested pullback area to continue lower + prices points:
1. 3295
2. 3301
3. 3310
4. if it moves above these levels, I will then look at my fib price points which are 3319-3330-3340
Take Profit levels & Potential Buy Areas :
1. 3250-3245
2. 3206-3195
3. 3155-3148
4. 3118-3125
Trade closed: target reached
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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.
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.