Gold Gold Daily Video, September 02, 2024

[Sive Morten]

Good morning,

Friday's drop is almost not visible on higher time frames, so it is too early to talk that context now is bearish. Situation now is uncertain with no clear patterns around. That's why we prefer to stay aside from active trading for now until we get more clarity:

 

[Brett Reynolds]

What i hear and see' about what's actually going on in the World now is beyond belief. What we see and hear by the News Media'..is becoming more and more obvious that it is all lies and 'narratives'!
Anyway, i always had my doubts about Market going higher this last 2 weeks by its behaviour and by my own chart and weekly/monthly indicators. My Bias is to sell'..for this week anyway..!

 

[Sive Morten]

Anyway, i always had my doubts about Market going higher this last 2 weeks by its behaviour and by my own chart and weekly/monthly indicators. My Bias is to sell'..for this week anyway..!

Yeah, its definitely overbought. But in last month it were especially a lot of external events. So, Market mostly was reacting on them rather was driven by its own fundamentals. And something tells me that hardly amount of these events will decrease in nearest few months.