keep it smooth and easy :)
Is there a bullish engulfing on weekly chart? If it is then i'd go for buy
Is there a reason to buy this now? I dont see any. Isnt it too late to sell it? I think so. It stays at important level. Need to see how the price action here.
I wait for retest. I'll buy now or later depending on the result of this retest. Level might hold retest - then go long. Level might fail - then wait for the price to reach lower edge of ascendant channel and look for bullinh signals there.
Lowering volumes, descending volatility, round level nearby... I'd buy at some cheaper price, not now
I've bought some gold already so my opinion is little bit .... not clear. I see it passed strong 1300 level and heading high-volumed up. And I see nothing bearish in it.
AUDUSD stoped at an interesting level. If it passes this zone it goes further up. COT says bank are buying with rising open interest.
GBPUSD came to a very important vertical level that held it every time it came near for the last 3 years. Will it be different this time? Not sure. Especially now when USD is getting stronger. BTW hedgers were buying it this week while banks were selling. And that supposed to mean something, right? :)
The trend is obviously strong. COT shows rising open interest. But. 1.20 once turned the price away. So we might witness some sort of correction to the nearest strong level.