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GOLD WHAT TO EXPECT? | 4 Hour Analysis

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GOLD 4H ANALYSIS
Trend: Uptrend
Sentiment: Bullish
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Donald Trump recently made a bold statement on his twitter page mentioning:
Things are going along very well with China.
They are paying us Tens of Billions of Dollars,
made possible by their monetary devaluations and pumping in massive amounts of cash
to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed!
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This is very bullish news for the USD and we are looking into USD Longs
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Whats the catch?
Gold is inversely related to the Dollar
Therefore, as the DOLLAR rises, gold falls.
We should be expecting gold to DROP to various zones i marked before a rally to the upside.
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Buy Zone 1:
As gold is in a strong trend this news might send it down before a major leg up. Good to place a buy there
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Buy Zone 2:
There was a prominent fake breakout that happened previously. In forex we always tell ourselves to trade what we see.
History might repeat itself and we might see another false breakout.
When that happens, we can contribute it to 2 factors:
1) Market manipulation from Hedge Funds/ Institutions/ Banks
2) Very Bullish USD sentiment
3) External Factors Like AUD news.

This might likely send a rally down. Pick up more buys at this zone.
Will Update
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NOTE:
Dont Look For Shorts, especially when the sentiment for gold is really bullish.

ノート

Update:
A clear brokeout has been taken place. This idea is invalid.
Reason:
1) Trade tensions might likely cause more investors going to safe havens like gold and jpy

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