Georgi_TI

The Price action clearly indicates upward move. Lot's of people will be tempted to sell at ATH, but this won't be the ATH much longer. :) Better stay safe than sorry. Don't sell the 2300 level!!!

The 30$ downtrend from the CPI news was enough to brake the momentum of the bulls. Today I expect it to reach 2150 - 2149 as we were solid selling 2 sell order blocks and we are currently bouncing off the third one. Solid sell for the next 2-3 hours until we reach the next buy order block and retrace for liquidityAaaand we crossed it just as I was writing. Enjoy the ride to 149 for the next 2 hours. SL set to 162, TP set to 149, off to bed. See you there.The sideways move surprised with low volume and indecision. I am still bearish , but the timeframe should be increased. I closed half of the positions at BE to protect from upwards motion just in case. I will add more sells once it reaches 156Stop loss hit - We wait now for development. Sadly this time i was wrong :)

So we broke the down trend (the red line) then it tried to go up but the sell signal at the green line crossing is telling me we are going to range 74 - 79 today. Which is lower than the yesterday range (84 - 79). All this makes me think the downtrend is real, but it is not as fast and steep as we would like it to be. This opens for lengthy short positions (maybe a week) in long term and easy buy scalps in the new daily range.

Gold was continuously rejecting the idea of falling below 2177 for the last 12-14 trading hours. Once NY opens it will spike up for a preparation to fall again. The DeM(14) on H4 shows that we are up above in the overbought area since 1st of March, So we either get the fall today, or after the CPI reportsThis is a bear trap. Don't fall for it. 3-4 strong rejections at this level 77 and still not cracked.We reached the rejection at 84.9. Now we will go down, I would sell again at 83 If I get the chance.

We are in an elephant trend. All the bears and bulls take cover. Now my analysis is complete, The elephant tooth will touch 2047, once the nose gets to 75. The tail indicates where the elephant Shit himself.