Monitoring Gold - No short, No long
Gold is very boring today, trying to hard to break the 50 resistance. keeps failing. we will see in NY session what will happen, if it breaks with a one 4h good single candle the 50. Gold will moon, if not, it will go down to 1936, if it breaks the 1936, then most likely we'll see 1812, and 1800.
The main reason why there is a huge spike of Gold is because DXY got weaker after the recent news results, if it gains strenght again, Gold will go down.
What will I Do?
I will watch and monitor, if I don't see an opportunity today, I will not trade. See you on Monday?
The main reason why there is a huge spike of Gold is because DXY got weaker after the recent news results, if it gains strenght again, Gold will go down.
What will I Do?
I will watch and monitor, if I don't see an opportunity today, I will not trade. See you on Monday?
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