Short term entry on Gold to get short on NFP, from 1270 to 1260, stop at 1275
My original entry point for NFP at 2010 wasn't hit, so now we have to break a shorter term trend line support and retest it to go lower, currently it is around 1990 but we should close below that today first, essentially the earliest it can get triggered is Monday. For now my original 2010 is in play.
Expect a momentum breakout, once it starts to run do only very shallow pullbacks on its way to 1260. Possible within 2 days
Overstretched SP500 to form a sell scenario by going into 2002-2012 zone. Break of 1950 to the downside initiates a breakdown scenario with 1900 as a target
Gold has broken out from from the narrowing consolidation and a channel scenario is in play for now
Gold remains to be sandwiched between narrowing trend lines, current analysis tells to go long at 1229 with a take profit at 1242.5 and stop at 1216
long from the channel lows 1222-1225, target 1247
Locally extremely overbought but can run and run if indices rout
Expect reaction from 1900 handled on SPX, should provide a much needed pullback in gold
Strong levels, possible a quick dip below to the range lows 1198.