Gold Gold Daily Video, December 04, 2020

Brett Reynolds

Sergeant Major
Messages
869
Good morning,

Today we discuss possible reaction on our 1850 K-resistance area, if NFP supports potential downside retracement

Market approaches 1860 area. I would be looking for nice PA Signal today on 1hr or 4hr chart!? Maybe nice 'Spike' up and quick return back down...BUT' i will not take short position normally on Friday's after NFP and with possible 'other' News over weekend!? Monday perhaps better to wait.!? :oops:
 

Sive Morten

Special Consultant to the FPA
Messages
14,713
Market approaches 1860 area. I would be looking for nice PA Signal today on 1hr or 4hr chart!? Maybe nice 'Spike' up and quick return back down...BUT' i will not take short position normally on Friday's after NFP and with possible 'other' News over weekend!? Monday perhaps better to wait.!? :oops:
Maybe...
Brett, by technicals gold looks nice for shorting, no doubts. But I somehow worry about D. Trump, what if he puts some tricks out of the sleeve... Time is up and he must be hurry. This keeps me out of shorts by far...
 
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