Tomorrow is NFP, DXY still proving to be strong. if the NFP numbers continue to favour the dollar then we should relatively expect lower prices on gold and other assets
By examining the chart, it is evident that the SSL resting at last week's low has been taken out as the price has also entered a previous +OB from the daily chart, which is also a weekly FVG. There may be a potential reaction in this area in the coming week, potentially causing the price to rally and close the gap created above. However, we need to closely monitor...
The Pound has been showing some serious weakness for weeks now coupled with the ongoing crisis, investors tend to put their money in safer places like the Yen. So, I will still be expecting bearish prices on GJ but I will wait for a pullback for safer entries. That being said, the market can go wherever it pleases but let's watch and see what happens.
Still expecting price to drop considering the impulse we saw pushing price to 154 area. Although I expect some sort of pullback before we see another impulse downwards
All through last week we saw price retrace back into 157.00 closing up the gap created previously. Now I expect price to continue its way lower into 154 level
Gold still looking extremely bullish, heading in to take out liquidity at old highs.
The market however will do whatever pleases it so we will watch to see if those highs are taken out.
DXY has been showing some real sign of strength in the past few months, i expect that bullish strength to continue entering this new week. However, the market will do whatever it pleases but let watch and see.
I expect price to take out previous old highs but there has to be a retracement back down for a good discounted price for me to be comfortable to buy GJ to take out those old highs
