Gold trade idea!
Here is my view on gold, after sweep of liquidity from the highs, and a big profit taking.
Last week China pause buying gold + optimist nfp data and friday profit taking.
Looks to me like prices settup for buyers at better liquidity zones around 2280, we might see a quick grab this week under the zone and then back in range, before FOMC wich i anticipate will be bullish for gold. Bears might take profit from the lows and bulls might buy the dip.
Be carefull and have a nice week of trading :)
Last week China pause buying gold + optimist nfp data and friday profit taking.
Looks to me like prices settup for buyers at better liquidity zones around 2280, we might see a quick grab this week under the zone and then back in range, before FOMC wich i anticipate will be bullish for gold. Bears might take profit from the lows and bulls might buy the dip.
Be carefull and have a nice week of trading :)
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