Gold with No Drama

So much hype for the news seems like a nothing burger or continuation to the downside to me.

Now a confirmed double top as well.

In the past yes ...as for today, let's see

it seems bulls have it

Does it already not have a direction- to the downside.

as per me minimum even if price wants to go low
it should test the zone of
4052 to 4046
IMO

before the news scam action than dance may oy may not be

Someone should please educate me on how to differentiate a DOVISH news from a HAWKISH one? Almost got the mergin call yesterday.

Scalps

Then probably a 3.8 to 4% print

Was there news yesterday?

nope don't think so

Going for sells in gold till 3920 !!!!

No, only trump making a tweet

if the data come out better than expected then hawkish ...the opposite is dovish
btw yesterday we had tweet not news

HOLD TIGHT FOLKS

Long at 4018 , SL 4094 to 4060. Wait for confirmation before entry at 4060, we might see a crazy bull run to 4200. The expected interest rates are going low along with cooling of inflation. Good luck

Gold outlook and setup for today.

After yesterdays decline of 2.9% price has broken below the support of 4030 and now consolidating at lower levels, further downward moves are expected, immediate support is at 3983 and immediate resistance is at 4020, below 4009 could be an intraday short entries for small targets, but major trade would be after the breakout of 3983 in the lower direction (Be breakout is preceded by good consolidation it will add to out conviction).

Outlook: Bearish to Sideways
Strategy: Selling trades are preferred, wait for consolidation.

Wait for the clean breakout before taking fresh entries.

For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.

Regards CrazyTrades247.

SL 3094 sorry

If CPI news hit and nothing happens everyone go running back to technical's