Analysis Remains the same, Gold took a straight nose dive to 3250 during Asia Session,
It has reacted at a psy number level, I do not see this as a strong buy since price has not moved away significantly, price remains in the range and so it tells a story that bulls are not in control yet, this is a just a healthy rebound before Gold goes bearish again.
I will only change course if Gold breaks above 3330 and can sustain above those levels.
The weekly closed below 3300 last week, breaking a Key Area and Number. 3250 has been tested multiple times, so at each test it will go weak.
You can long Gold as scalp trades as per my analysis into the 3320 - 3330's or high 3330's before I expect to see the next drive lower!
I do not trade Monday's and watch PA setup, those of you who caught the 3250 Psy level buys, Congratulations!!!, hold runners for some more heavy lifting.
It has reacted at a psy number level, I do not see this as a strong buy since price has not moved away significantly, price remains in the range and so it tells a story that bulls are not in control yet, this is a just a healthy rebound before Gold goes bearish again.
I will only change course if Gold breaks above 3330 and can sustain above those levels.
The weekly closed below 3300 last week, breaking a Key Area and Number. 3250 has been tested multiple times, so at each test it will go weak.
You can long Gold as scalp trades as per my analysis into the 3320 - 3330's or high 3330's before I expect to see the next drive lower!
I do not trade Monday's and watch PA setup, those of you who caught the 3250 Psy level buys, Congratulations!!!, hold runners for some more heavy lifting.
Trade closed: target reached
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.
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.