Technically gold seems to be bearish.
See the reasons in the chart above.
Just pay attention to the NFP on Friday since it has big impact on gold.
Disclaimer On.
One more reason to add: In daily TF, it seems that gold is making its 3rd Top in the big bearish trend, which is in my Scalping Path theory is the good time to sell. Since we are talking daily time frame, it might takes few days or even weeks for gold to touch my TP or support area, IF it is really going down. But please be careful on Friday since the NFP will be announced. Sometimes big impact news beat the technical.
The number of individuals filing for initial jobless benefits in the week ending June 6 increased by 2,000 to 279,000 from the previous week's revised total of 277,000.
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One more reason to add:
BalasHapusIn daily TF, it seems that gold is making its 3rd Top in the big bearish trend, which is in my Scalping Path theory is the good time to sell.
Since we are talking daily time frame, it might takes few days or even weeks for gold to touch my TP or support area, IF it is really going down.
But please be careful on Friday since the NFP will be announced. Sometimes big impact news beat the technical.
I have a blog offering trading strategies gold daily. If you are interested then visit okay. Thank you
BalasHapusThe number of individuals filing for initial jobless benefits in the week ending June 6 increased by 2,000 to 279,000 from the previous week's revised total of 277,000.
BalasHapusRegards--
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Gold trading story .its very creativ!
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BalasHapusreally informative blog, thanks for sharing this kind of information. We also have a website where you can get cash for gold by best and top gold buyer
BalasHapusCash for Gold
Thank you, for getting something new and saluting the irrationality of this story, hopefully it will be useful, so that this life is more useful and useful for others.
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