Good evening gold gang .. hope you have all had a nice relaxing weekend and are ready to rumble once again.
Gold reacted beautifully from the feb high level and shot back up. This reaction does not confirm the downtrend just yet as there was no close below the level discussed last week. Interesting!!
Dollar is still moving up but will require a small pullback at some point, so some short term bullish movements should happen on gold in the meantime.
For this reason im placing my buys above the much respected 93 level marked on the chart. Sells just below the recent traffic and should be nice to drop to fill the imbalance to the left hand side. There is a take profit area there on the sells where heavy traffic was in the past.
No news tomorrow so it might be a small volume day .. much like most mondays recently .. so exercise patience guys.
Other than that, have a nice rest of your day or evening and ill see you in the morning for the london open.
Please drop a like on your way out and make sure to follow along for constant XAUUSD updates
tommyXAU
Gold reacted beautifully from the feb high level and shot back up. This reaction does not confirm the downtrend just yet as there was no close below the level discussed last week. Interesting!!
Dollar is still moving up but will require a small pullback at some point, so some short term bullish movements should happen on gold in the meantime.
For this reason im placing my buys above the much respected 93 level marked on the chart. Sells just below the recent traffic and should be nice to drop to fill the imbalance to the left hand side. There is a take profit area there on the sells where heavy traffic was in the past.
No news tomorrow so it might be a small volume day .. much like most mondays recently .. so exercise patience guys.
Other than that, have a nice rest of your day or evening and ill see you in the morning for the london open.
Please drop a like on your way out and make sure to follow along for constant XAUUSD updates
tommyXAU
Note
updated buys .. the sells were a break even this morning as price reversed for no reason at all .. lets see what NY brings Note
a tough day on the gold chart guys not real direction just ranging .. i managed to take a couple of scalps around my sells area but nothing really of any importance. Price isnt likely hitting the target today now nearing the close of the session for me. There is always a tomorrow!! Thats why i love this game 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.