Yesterday during asian session gold failed to break in to new intraday lows. During NY we had ADP data come out stronger
but this did not hold much market weight as price failed to break below 1812.5 and got reversed to 1822.
When price just dug in to 1820-22, collected more seller order around 1822 following the sentiment of dollar strnegth.
- Economic Data Today
> Initial Jobless Claims (previous 190K, consensus 195K).
> Fed Barr speech (16:00).
Trade Ideas:
Pullback sells @ 1822 , 1828
Deeper pullback sells @ 1830-1832
Sell on impluse break of 1812.5
High risk high reward buys around @ 1792 -1794
but this did not hold much market weight as price failed to break below 1812.5 and got reversed to 1822.
When price just dug in to 1820-22, collected more seller order around 1822 following the sentiment of dollar strnegth.
- Economic Data Today
> Initial Jobless Claims (previous 190K, consensus 195K).
> Fed Barr speech (16:00).
Trade Ideas:
Pullback sells @ 1822 , 1828
Deeper pullback sells @ 1830-1832
Sell on impluse break of 1812.5
High risk high reward buys around @ 1792 -1794