Golds range the past years. Trading marks the battler.
As told on previous analysis, break of range will determine the sentiment of the market for this new month. Expectations with dollar,QE3 and every investor waiting for Powell to open its mouth, turned things spicy today. I wanted to see a lower correction, before & due my macro, see gold rice & shine; banks-algos had other plans. They happened to manipulate like...
Gold is showing a H&S formation on 4h, having strong indecision on market sentiment. Red box is what might to be the phase/range of accumulation, if yes i expect at least next week. Im honestly expecting for price to correct some more maybe to 1774 at least, but this range will give us the hint since it appears to be printing HH-HL. Hedging first order 1692...