Gold - FOMC week (July 4th week)

Watch the levels, I am still neutral. I will post something once I see something "interesting". There is no swing setup for me right now unless with further confirmation. The only trades that is possible is scalping. But watch out for FOMC on mid week.

Commentaire:

This is another example of contradicting signals, plus high risk even in mid week. You better off staying neutral for now till Wed.
1. 4H is bullish, 1D is due to close
2. PA is supported in daily pivots
3. PA is resisted on weekly, monthly pivots and long term TL
4. DXY fundamentally still can drop to 93.40 to 93.50

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Potential movement

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Food for thought, remember 4h candle is not closed yet on 3 and 4 wave. This is just an assumption.

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Or this.. Looks like gold just accelerate ahead. Stay neutral for now.

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Transaction en cours:

Scalping active, TP1 reached as per my Telegram. 2nd TP around 12347~1249.

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*TP2 1247 - 1249 area
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Trade fermée: cible de profit atteinte:

Both TP reached.

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Some potential area of interests.

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Here it is. Watch where it goes.

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" Be water, my friend "

Lets wait until the dust settled and join the winning team. Bull or Bear, we are here to make money.

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Area of interest..

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Transaction en cours:

Waiting for candle close is worth to confirm.

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Watch all the levels. This week and monthly close has to be above 64 or higher to show confidence.

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Potential move for today till GDP report tomorrow. Watch the PA!

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Is either correct down or sideline, it is quite impossible to break 65 today.

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We are on-point so far.

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Trade fermée manuellement:

All positions at 56, 55 and 57 (yesterday) clossed at 1264 area as per my telegram. Decided to watch the development until end week/month

Commentaire:

Oh well... I never thought DXY refuse to dive further even with Good US GDP numbers. And Gold keep flying.. Week and monthly close is important now.

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