BM_ForexTrader

BM_ForexTrader Updated 

Potential GU longs looking at the inverse qml / 1,2,3,4-5 pattern. Although there is somewhat of dollar strength to the mixed data inline with the upcoming NFP .cautiously bullish on GU

BM_ForexTrader

I anticipate that GJ will continue pushing bullish, giving us the 2nd leg of the push phase. It has broken the downtrend. Also In line with corelation with GU.... although tomorrow there is NFP! So be cautions Check my GU analysis

BM_ForexTrader

precious metal has stabilized and currently trading within a small range due to uncertainties around the world .looking to trade either side of the range break. NFP WEEK!!!

BM_ForexTrader

XU potentially looking for buys inline with the safe heaven demand also looking at the DXY structure I anticipate a weak dollar which will boost gold. although we have IMPORTANT news this week which will shape how the rest of the years' move for gold also hinting if the feds will cut rates or not

BM_ForexTrader

GU could potentially be due for a pullback ,printing bullish market also we need to keep in mind the important upcoming fundamentals which indeed will affect the direction ... either strong or weak dollar

BM_ForexTrader

with the dollar strengthening and yields rising , means negative or rather bearish gold. risk off mode and less demand for safe heaven .expecting gold to retest and push further down. also with trump as the president ,it might be a catalyst for gold to continue dumping

BM_ForexTrader

I believe GU is due for a retest before the continuation of the dollar strength. it has broken major structure on Daily TF. looking to capitalize on the retest

BM_ForexTrader

GOLD is due for a pullback before we continue bearish. overall it is in sell bias ...what I will be looking for is to trade a pullback to @2590.00 . we have news USD later which might be a catalyst for the short term bullish move

BM_ForexTrader

GU is currently due for a pullback , I am patiently waiting for structure to confirm the shift in the bias so I can capitalize on the retest, . MID WEEK REVERSAL potentially

BM_ForexTrader

GU is currently due for a pullback , I am patiently waiting for structure to confirm the shift in the bias so I can capitalize on the retest, . MID WEEK REVERSAL potentially

BM_ForexTrader

check the previous post for the gold analysis that i posted ,as anticipated gold adhered to the sell structure inline with the dollar strength

BM_ForexTrader Updated 

Dovish or hawkish. As Trump has been elected as the 47th President, we experienced some movement in the markets with gold reacting bearish... Today with interest rates i believe the dollar will strength and push gold lower inline with the trend

BM_ForexTrader

Gold is yet to drop along with positive USD news... Go short after seeing price rejection and showing momentum on smaller TF. This is not financial advise

BM_ForexTrader

DXY is currently looking shorterm bullish, which is in favour with our GOLD correlation. Going into next week.. I want to see the doollar retrace and then buy

BM_ForexTrader

DXY is currently looking shorterm bullish, which is in favour with our GOLD correlation. Going into next week.. I want to see the doollar retrace and then buy

BM_ForexTrader

Gold has recently tested the 4H FVG and immediately rejected that level, inline with the bullish USD news. Next week i would like to see price create a LH to confirm true bearish structure

BM_ForexTrader Updated 

yesterday i was looking for sells prior CPI , although the numbers were low. todays sentiment still doesn't change as i expect another push after this retracement. the HUGE green block is my FVG and the other 2 consists of OB and FVG

BM_ForexTrader

i am expecting price to react from that 2312 level creating and double top continuation pattern in line with the sell structure. yesterday we had the same outcome as CPi with PPi ...buy the news, sell the fact. hence im still sell biased