GOLD (GC1!) Mid Term Update - Observations

2023년 8월 30일

As mentioned in my prior weekly analysis, there were some key fib levels to look out for.

The 0.382 was hit yesterday. We waited to see how price reacted, and it broke through.

Today the 0.5 was hit. Now we will wait for the daily close and see how the price reacts for a second time.

it is highly likely a short entry will present itself either tomorrow - in regards to the upcoming ADP data - OR on Friday when NFP hits.

2023년 8월 31일

노트

Good rejection again today.

NFP is releasing tomorrow, so the aim will be to short the high following the data release. This should trigger the new mid term downtrend.

2023년 9월 1일

노트

Gold has now essentially rejected our zone very convincingly.

The mid term down trend has now begun.

2023년 9월 4일

노트

Just an update, you should now be looking for shorts.

2023년 10월 7일

노트

Very long hold for this trade, however, this is the nature of longer term analysis.

I will be posting an updated analysis tommorow.