I have never trusted monday morning asia. at best we can go to 4740 but any moves above that will need a trigger.

Gold with No Drama

4733 is a pivot.. it is not easy to make a 60 pt range without any news. china always manipulate gold in early morning monday. europeans will show the direction

Gold with No Drama

if this reverses from here which I hope not but if it does this time 4650 wont be held

Gold with No Drama

it will most likely be a flat opening until something changes in next 6 hrs

Gold with No Drama

either silver breaks out or gold will fall back to 4670

Gold with No Drama

minimum 15 dollars downside at the open

Gold with No Drama

it looks like 4730 is defended at any cost. but break of that will trigger a selling wave in gold. gold was supposed to be at 4636 today

Gold with No Drama

damm this move.. what was the reason

Gold with No Drama

yes too choppy but it still has to close the gap at 4735 for more bullishness

Gold with No Drama

looks like we will have a deeper correction this time around.. trump is lying the whole month about negotiations. fact is nothing has changed since Apr 1st

Gold with No Drama

i still think we will blow 4692 on the 3rd attempt. we need volumes which are not there

Gold with No Drama

Maersk confirms that the strait remains firmly closed. they sold initially and the option writers are protecting 4692.. lets see how long.

Gold with No Drama

first tick is lower. i think they have plans for 4675 in next 2-3 hrs

Gold with No Drama

today gold has been choppy since hitting 4694. it just now did 4711 but volumes are pretty low since china opening + 2 hrs. cannot trust this mini rally till germans confirm

Gold with No Drama

I dont have levels below 4636 but I will revisit. 4894 if a medium term top. I dont know that as well

Gold with No Drama

that is why i was skeptical last week when it closed friday at 4831.. right now its bearish with 4694 as possible support but i think 4636 will come

Gold with No Drama