Intraday Analysis - ( 16 FEB 2023 )
Will be playing the bearish bias on gold with expected continuation in dollar dominance this week. Expecting dollar to still head up to 105.6 region before any form of massive reaction.
Looking out for PMI tonight whereby if data shows as per forecasted we will be in for a nice short on gold.
HRHR SELLS AT 1852 ish region - 1855
MRMR SELLS AT 1836
SAFEST SELLS BELOW 1820
Will adapt to deep dollar pullbacks and gold buys in the event price breaks above 1847 region to possibly retest 1852, 1855 or even extended rally to 1864 region.
Bias is shorts on gold
Will be playing the bearish bias on gold with expected continuation in dollar dominance this week. Expecting dollar to still head up to 105.6 region before any form of massive reaction.
Looking out for PMI tonight whereby if data shows as per forecasted we will be in for a nice short on gold.
HRHR SELLS AT 1852 ish region - 1855
MRMR SELLS AT 1836
SAFEST SELLS BELOW 1820
Will adapt to deep dollar pullbacks and gold buys in the event price breaks above 1847 region to possibly retest 1852, 1855 or even extended rally to 1864 region.
Bias is shorts on gold