Does Gold Want to continue bearish???I'm Bearish on Gold but the question is, does the Dollar want to continue bullish to close out the week? Since it is Friday I'm keeping my expectation low cause we could end up in consolidation.
Nofomo
GU is now in the Position to move bearishWe all be waiting for the market to give up a direction. Now that the election is over its looking like we can see where price wants to go. If it can hold within its levels we can get a solid move by NY session.
GU could be getting ready to Reverse!Now that we are in a new month AND its election week next week the market could get very volatile. Dollar has been moving bearish all week and most are still expecting it to move bullish. I'm thinking its more likely to turn bullish for a little while. Leaving the Election news to give it the bullish push it needs to start pushing back up. This could lead to some significant moves in the market. We just have to remain ready!
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GU is volatile...but we need more data for direction...I cant really call it at the moment. Price is indecisive as we come to the monthly transition. The last day of the month and anything can happen. Watching for a solid direction and sitting on hands for now until London open. Expecting some good price action for both sessions going into Thursday.
GU look like it setting up for a nice entry for London sessionI been looking for a solid sell entry to continue the bearish trend that GU has been in. The dollar failed to break out and is now retracing to grab more liquidity to push up. in turn giving us a nice entry for a sale. We have to be patient and allow price to find its resistance levels. Expecting a nice set up for London.
GOLD is overall BullishWe have to wait for more data on what direction it wants to go but I'm holding firm that it wants to continue bullish. just have to wait for entry. with all the geopolitical issues going on, Gold will be a safe space.
GU Can go either way! We need more data before we have a direction this week. The dollar is definitely bullish for the most part so being patient and waiting for a good sale entry might be the best bet.
GU about to have Diarrhea! price has been very bearish on price action. We not have a significant pull back to a area price can possibly react to. if it can maintain below this level we can get a continuation in trend. Trying to get it where I fit in and get some scalps OTW.
Carefull...GU might just FLIP! Monitoring price action and its looking like the Bulls might want to turn this thing around. Sitting on hands for now, waiting for London session to have more data to judge if its worth it to take a position. The dollar is looking like its almost out of energy and needs to take a rest.
Having a Look at the S&P...It looks Bullish...Many of my trader friends trade the S&P. I dont because I trade London session. But im having a dabble in it to see if I can understand how it moves.
Gold Could flip BearishLooking at price action I think it might be exausted and looking for a pullback. Monitoring the key levels looking for a area to get active.
GU is bearish for now looks like...Waiting for a sale position to show up. The dollar is showing strength and not slowing up for now. just be patient for the right position.
GU Closing out the week likely with a Rotational moveWe might get a little movement tonight for London session but I doubt it will be much. We had a big move yesterday and since its now friday I'm expecting price to move rotational in some form of consolidation.
GU with the Pressure!! Price moved EXTRA bearish last night. So its likely it will continue. Just about finding where to get in at. looking for a retrace during London which should lead to a sell entry for NY session.
We got confirmation that price wants to move bullish. Now that we have a breakout we are looking for a entry to continue the move. with news at 2am we should get a solid entry to get active. Just have to sit on hands and wait for it.
Can we get some moves this week on GU?We had a tight consolidation last week. This week I'm thinking we can get some better moves.
Rotational price action all week! All week we have been in consolidation. yesterday we had a break to the downside but it failed to continue and starting to revert back to the consolidation zone. Maybe we can end up getting a break out from this zone to the upside to close out the week...
GU had to make it past the newsnow that we have news out the way I'm expecting to get some movement and a breakout. Holding out till London session to find a solid entry within the killzone.
GU waiting for a break outif we can get a breakout to either direction we can get some indication on where price wants to go next. I'm expecting bullishness but sitting on hands and waiting for London session before calling it.
GU is looking to make a high for the weekSo we are bullish for now on GU Looking for it to break the previous weeks high before continuing bearish. If price can not break below the previous daily level and hold I'm looking for the push up for a better sale opportunity.
The biggest move of the week is over?Now that we have made it to the end of the week I'm looking for price to retrace for a rotational move. The trend will likely not continue until next week.
GU in consolidation before giving directionSlow day yesterday. Now looking for price to give a direction for a bigger move and looking for test at key levels.
