
BM_ForexTrader
@t_BM_ForexTrader
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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

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

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

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

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 trendtrade played according to analysis

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

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

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
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