Gold daily plan and analysis

[Skoljkica]

I am again long on gold at 1871.33
My target is 1903.07/1906.51 from where I expect shorting to start.

Resistance lines on the way are
1878.41/1881.27
1887.40/1890.79
1896.43

 

[Skoljkica]

1866.11/1865.08 is last support line where I am buying, targets remain the same.
One more push below 1865.08 would be perfect.

 

[Skoljkica]

Buy at 1866.65 is going nice.
1872.86 is first resistance which could push price down to 1871.33/1869.43 where I will load more buys. TP for that one will be 1874.50/1878.41 depending on PA

 

[Skoljkica]

News in couple of minutes, let's see can 1866.11 hold. Possible one push to delete SLs
If 1866.11 can't hold then down to 1852.56

 

[BogotaRich]

Buy at 1866.65 is going nice.
1872.86 is first resistance which could push price down to 1871.33/1869.43 where I will load more buys. TP for that one will be 1874.50/1878.41 depending on PA

great analysis and both TP reached. I will follow your posts, thank you

 

[Skoljkica]

Good day to all.

I am waiting for a pullback, down to 1873.33/1871.33 would be perfect, or even 1866.11 but I'm not sure we will see that.
Price entered sell mode on a daily basis, but I'm still expecting my plan to be realized. More up so we could start selling next week.
So I'm looking for a good entry for long, TPs are
1890.79 and 1896.43
Also, price could easily go to 1906.51/1909.98 until the end of the day.

 

[Mila2710]

Recently touched positions for buy as you wrote. Nice. But how does it look now?

 

[ForexWarrior2020]

Do you use the DXY for confluence and correlation?

 

[Skoljkica]

Do you use the DXY for confluence and correlation?

Yes, those two have a bound in moving so I'm using it as an orientation.
I don't rely on it, since sometimes that connection is invalid but it does help in calculations and predictions.

 

[Skoljkica]

You are all welcome to discuss and write your analysis and predictions here.