We went short today at 1788 because of the plan we made at the beginning of this week. 1795 is a big selloff point which we took last time we sold (Last chart that I published). Took a few nice sells today at 1787, 1782 and in the end at 1779. For now we are waiting for the asian session to bring price back to 1786-1780, wait for a rejection and sell of again. 1784 is the 0.5 fibonacci level (golden zone) and we will not take any chances for a long position in the mean time, just wait until price is done with retracing.
Fundamental backup: Chairman of the FED Jerome Powell got the question last Tuesday why the Russians and Chinese are dumping the dollar and buying cheap gold...
Should tell you enough what will happen tonight during this asian session!
Gold to 1740!
Fundamental backup: Chairman of the FED Jerome Powell got the question last Tuesday why the Russians and Chinese are dumping the dollar and buying cheap gold...
Should tell you enough what will happen tonight during this asian session!
Gold to 1740!