1578.5 daily pivot, if we pass that next target 85-86. Interestingly price didnt collapse on better than expected report, at least not yet....maybe market not buying it??

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big volumes on green candles, could be supportive for price going up although ADP was bad for bulls. EDIT: Hehe while I was typing, price already went up..

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will we see a breakout or fakeout?

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So what do market GURUs think today? To me it looks very bearish right now unless it reverts back to 80-81 level.. ADP report out today will be a mover given that NFP is this Friday. Potential support at 70/71 but I have cancelled my order from ...

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set my limit buy at 71, stop at 65.

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wouldn't be surprised...

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potentially stopping volumes here but can still get overwhelmed by sellers. If we can get to 78 would be positive for bulls imho.

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Let me help you by going long here ))

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looking at 72-75 area for any potential reverse of this down move...at the moment only small signs.

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Intersting PA, looks like it will break out on the new in 25min one way or the other

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If we go past 1588 then I see big upside potential.

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Thats true, but in this case I went against myself. I was expecting price to get to 70 but then at 72 It seemed like it would start reversing and I jusmped the gun. If I had waited for the original 70 level to go long then 4points stop would be ...

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story of my life. I tend to do better with fundamental based trades but technical ones Im still finding myself )) I have 5oz of physical gold bought due to fundamental thinking some years ago, at least that doesn't have a margin or stop loss..

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lets try this, longed at 74.5 stop at 70.5

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I know you have to take these volumes with grain of salt but every time it goes down volumes spike which could indicate that buyers proping it up, hence I believe it will be a fakeout if it happens.

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By bet is there will be a fakeout to around 1570 and then reversal to the upside...but given my recent record, i'm probably 100% wrong but I genuinely believe in the fakeout and reverse.

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as long as it doesnt spin out of control ))

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Wow, this week is full of Market moving news... buckle up ))

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hmm gold is finding it really hard to catch a break... imho 70/68 is area of interest for longs

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I understood that you drew it based on those breakout level but I was asking about the technical side i.e. I thought there was an indicator or a feature in the program to draw it on the chart.

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