Following the #1,213.40 Low, the price jumped back up to the # 1,239.40 level and lower high on the Daily chart. With the Nonfarm Payrolls beating the estimated figure, the DX found support near 96.00 and should test its Highs again which will, of course bring the Gold down. What is again keeping Gold higher than its fair technical value is yet another big pull on equities. Gold should soon reach the fair price which is 30-40$ down. The Weekly candle should close nearly flat (+0.13% at the moment). The Fed Interest Rate Decision is on my focus for next week and I remain bearish with first TP # 1,207.40 as said in previous post and previously booking the first profit on Short positions. The Lower Low extension goes on this current wave as low as #1,204.30. Have a great weekend my fellow traders!
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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.