More dumping before the announcement… trapping buyers and sellers

Gold

That drop below 3340 could be an interesting indicator. Not sure we will have the same movement as we did with NFP however the Fed has already indicated a September rate cut the CPI data may not do as much. 20 mins to go

Gold

3350 is a resistance area for the time being.

Gold

yup that’s what I was thinking

Gold

Forecast is green data. This could dump harder than an aftermath of a dodgy kebab. However looking for a vantage point to trade from. 3355 as AR mentioned might be sufficient. The bears look a fair bit stronger too so any move up is being bitch ...

Gold

if I’m not mistaken gold should only fly if data is red right?

Gold

yup very risky! It could drop anytime

Gold

needs to break above to get towards daily pivot. That could be the area to short from. However the data later may be fuel for it to go further up before a down. Hard to say

Gold

dumped hard today. Almost like a slight push and down it went

Cable Update (GBPUSD)

Surely that means gold should drop…unless it the bulk sellers pushing the price up

Gold

I have a buy from 3363 but might not be able to see b/e yet

Cable Update (GBPUSD)

with you .. 3367 might be the top end of any recovery today. No data just a correction if anything

Gold

Will add a long below 3350

Gold

could be brother! But if the last weeks is anything to go by it can switch up in a flash.

Gold

could be right there the retrace has stalled

Gold

Trying a long at 3363 TP 3375

Gold

Looking we may have seen the bottom…

Gold

Missed this drop! Snooze lose situation. Did any one catch it from session starting last night?

Gold

Not taking a long until this dust settles. May look for a long around 12.30-1pm uk time to see if the lead up to NYO will be a retrace

Gold

Maybe down until a tango man tweet?

Gold