we can see it clearly GOLD should be rising up but because of the war USD seems pretty strong and getting stronger..i can call this is FUNDAMENTAL WAR...most of USD pair are moving without looking at SNR and SNR...lets see at the end of this month what will it be as far i can see its still in bullish trend except COLD WAR still raging we can see GOLD might go to...
please be alert last night FOMC is pullback for breakout last week...as for next moves i guess it would rocket till it meet last resistance(weekly) but who knows it might go far away than that...goodluck traders
as we can see gold are doing rallying base..today might be the best to entry buy on for intraday...as for short i didn't see any moves yet but you can monitor on m15 chart for short sell
as we can see FOMC bounced gold for 500pips which is unpredictable..as far i can see from here next week we can see gold will breakthrough trendline and forming new rally base..
as for now thats might happened for today but not for intraday as daily bullish sign already shown to create HNS (RIGHT SHOULDER)..trader might wanna do some scalping around this area or just ready to do sell at shoulder..thats all..feel free to leave your comment so i can improve more my technical analysis
here are the ideas for today scalping area which might be happened. as we can see for daily bull are showing sign so its time for baby bull rallying to her father.
A we can see on 2021 ( orange arrow) Bear are pushing Bull hard and made a new rally base for Bull at 1676. A new Pivot based at 1771 has been made which is a good sign for Bull to rally to reached the Bear base again at 2075. So, for a new rally (white arrow-2022) we can see bear ended on November getting thinner because of Bull are entering the stage to break...
GOLD lover welcomed to scalp on this area..feel free to share your opinion..
as tonight we have NFP incoming but DXY are seems rejecting because of omicron Covid-19... guess that would be happened tonight..lets sit and watch the chart together~