We had good UE Claims, out of the world good ISM Services PMI report, good ADP report, good JOLTS report. As the US selections are nearing, the data will probably be good for the rest of the month and if it isn't, it won't be some kind of a surprise ...

Gold

I use the system to find Support and Resistance. Otherwise, I wouldn't know. I mean theoretically, one can perhaps see where Resistance or Support is, but not in a pip.

Gold

Could be haha. Weekly on the Silver owes us one retracement before going for 35$ in my opinion.

Gold

This baby's goin' to 130$.

Gold

Yeah... for the last couple of NFP reports, the Gold would go up first and would then dive. But, these were all about 30$, 40$ moves. However, as you pointed out, one day (7.6.2024.) for example, it was also NFP that day, the Gold dropped 100$.

Gold

Or it could be near Resistance to discourage and take out Sellers. We'll see in 4 hours...

Gold

Last Resistance for the Gold is at 2680$. However, as I said, I believe PMs will tank hard today.

Gold

All these H4 candles have been consistently closing below Resistance. Yes, the wick would be above, but they closed below Resistance.

Gold

image

Gold

147k now. Forecast for the CPI Y/Y next week is 2.3% (from 2.5%).

Gold

Okay. GL tomorrow! I am going off now... see you tomorrow folks. Need to rest before before NFP, because some crucial decisions will have to made tomorrow and I need to be 100% ready.

Gold

Hopefully, it goes tomorrow and then we Buy like crazy. If not and if NFP turns out to be trash, I'll Buy Silver as well.

Gold

Careful here folks... easy... H4 on the Gold has closed above Resistance, however H4 on the Silver has closed below Resistance it'll probably remain below Resistance. I will put my money on the Short and my decision is final. I expect the price of ...

Gold

Let's wait this H4 out... it seems both H4 on Gold and Silver will fail to close above Resistance, but we'll see very soon.

Gold

Yeah... seriously, I again do not know anything. This price action is so hard to predict lately... Okay, H4 is closing in about 15 minutes. Let's see where it'll close. 2658.400$ is H4 Resistance on the Gold and H4 Resistance on the Silver is ...

Gold

Folks, do you have a MN candle on the Gold with no wick to the downside?

Gold

2658$ Resistance and the last Resistance at 2675$. Silver at 32.10$ (last Resistance).

Gold

Haha yeah.

Gold

Out of Shorts... no point in holding. Price action is dead. Will open Shorts tomorrow (before NFP).

Gold

I'll start adding Longs again on the Silver after NFP.

Gold