Thanks for your Analysis! Gold is tricky IMO. I was thinking a close above 1833 on cash market would trigger a short covering rally in the next session. Still could happen but I see 1810-1808 zone first. little news this week. Sideways to lower drift is possible for a few sessions. Just my $0.02.
AlkalineFX
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@TraderV123, Thanks for your comment! It is all over the place, let's see how things look next week, good luck bro!
ForexTrendline
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awesome analysis and clean chart as well, thanks man! Check out our update
I agree with you as there is a divergence at the rsi level and the daily support is affected so we are waiting for a correction of 50% of fibonacci
AlkalineFX
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@Moulayhk, Adding more confluences to the mix, I love it.
UnknownUnicorn493766
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If PA was to move higher from the current point there would be so many SHORTS that need to cover Long it would accelerate price to 1870 before thinking about slowing down.
AlkalineFX
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@gremic, I don't doubt this, fair point! We have seen it all on gold recently.