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.
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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
I am still bullish gold, but the pullback is not as deep as I anticipated. Looking to long around 32 and 26 area. But if this area broken, potential H&S in the making with target of around 1182. Always adapt to changes.
I always keep this phrase and thought in mind : "Be water, my friend" - Bruce Lee
@bruins0070, Yes.. If another 2 or 3 4H candles trading below 1258.50 area, It is "healthy" to have a pullback. Question is, how low? If break up, it will continue to move up. This week is FOMC week, best trade is to posiiton before FOMC mins released and ride the wave.
I always keep this phrase and thought in mind : "Be water, my friend" - Bruce Lee
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