Posted by johnny2012 on 18th of May 2022 at 08:46 pm
Gold futures 60 min coiling. Look for a break either way but
with the benign bounce outta gold with the dollar pull back, I'm
leaning downside. Not sure how gold can have a big move up with the
fed action on the dollar. Especially over the next few rate
raises.
Posted by johnny2012 on 19th of May 2022 at 08:57 am
Update: coil broke to the upside and now has a bear wedge/flag
look off tge lows. Objective area to take a short up near this 1840
area. If it charges hard into the 1840s obviously would negate this
but if it plays out would be a good short. Just an observation, I
missed it on the coil break last night. Can't call em
all.
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Gold futures 60 min coiling.
Posted by johnny2012 on 18th of May 2022 at 08:46 pm
Gold futures 60 min coiling. Look for a break either way but with the benign bounce outta gold with the dollar pull back, I'm leaning downside. Not sure how gold can have a big move up with the fed action on the dollar. Especially over the next few rate raises.
Update: coil broke to the
Posted by johnny2012 on 19th of May 2022 at 08:57 am
Update: coil broke to the upside and now has a bear wedge/flag look off tge lows. Objective area to take a short up near this 1840 area. If it charges hard into the 1840s obviously would negate this but if it plays out would be a good short. Just an observation, I missed it on the coil break last night. Can't call em all.