Gold (8-12 May)

Strong DXY, and Gold has no bullish outlook so far, unless it can close above 1230 4H candle close. Short till 1217, 1209, and 1196 possibly.

تم فتح الصفقة:

Watch for 1228.

تعليق:

TP 1 done...
TP 2 to aim. SL shifted down...

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تعليق:

Gold shouldn't close above S1 in 4H. If it does, close short. We have reached TP1 and SL should move on BE yesterday.

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Structure is still bearish, shift SL above 1223. Watch the X. Today is Thursday, is either crash or reverse.

تعليق:

Another thing to note. 1D candle is INVERTED HAMMER ON SUPPORT 1217.. Bullish move might be coming today. If it breaks 1223, I will go long and SL below 1215. Swing trade to at least 1248.

تم فتح الصفقة:

Nothing bullish yet.

تعليق:

USD good data... 1209 might be near...

تعليق:

Well, good US data and no downside push.. It can only mean one thing.... Remember my post few hours ago about inverted hammer on the support?

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Wait for confirmation, at least 4H, can close your short now. Always protect your profit (those not SLed yet)

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Be patient...

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Looks like Thursday started with a bullish move. Watch the 0.382 (1296.60) area. break that and we are good to go to at least 1248.

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Watch 1H candle close.. long to 1248!