Hello traders. Happy Sunday. When the market opens tonight (6pm in the US est) I will be looking to see how tonight into tomorrow goes, as far as gold's path is concerned. We had many weeks of bearish momentum so this last week could be just a pullback for gold to drop some more as we are coming closer to the end of the month. On the other hand, this move down for all these weeks may send gold soaring for the next week or so. Marked on the chart are the areas I am looking at for change / confirmation of the trend. Either way this plays out, I will be looking out for scalp trades on lower time frames until the big players come in during Monday's NY open. All thanks goes to Big G, my mentor. I am appreciative to anyone who found this useful Trade the trend and be well.
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.