Nofomo
Gold with the healthy pullback! is it ready to go bullish?I've been watching Gold lately looking at some nice Price action. It is looking like its in a good position to turn bullish but we need to see more before hoping in. The Dollar looks like it wants to be bearish but it has been in consolidation and not showing any strong signal of directions. We shall continue to monitor for some nice moves and maybe we will see a entry during London.
Bearish Momentum buildingLooking for my idea to play out but also trying not to be blind to my bias. We have news about to hit and it looks like it can send price bearish based on what has taken place during London session. if we can get a bearish break down for NY session today we might get 1 more solid move for the week.
GU pulling back for the Swing Drop?Looking at price action it looks like its setting up for a nice sell for NY session. It is currently London session, the VP is thin, the Delta is negative and price is still pushing up. Looking for it to test a FVG above the Asian range before considering if the sell is ready. Cautiously buying for now as this is a set up leading into a sell.
GU Looking to make a high for the weekI'm bearish on GU looking at the price action that it gave us last week. We opened the week pushing low and now starting to look for a new high. After it finds its spot we wait for the killzone to enter. The dollar is looking like it wants to reach for new highs in the long run. So we just ride the wave.
Bear pressure is building! This is a move on GU that I have been waiting for. I need further confirmation that it want to move forward with what I am seeing so I waiting for London session to see how price reacts to the added volatility. I'm thinking that now that we have established a high for the month, price can really start to move. Key is to remain patience and just wait for price to come to you.
waiting for price to show its hand...New week...new Month...new opportunities. sitting on hands to wait for price to confirm what direction it wants to go. With todays price action it looks like it wants to now push higher to start the month off. Expecting better sell opportunities later in the month. Lets see how today plays out. London session should be interesting.