DislikedHello Guys, here is what I think about the gold this & next week. Theme : Very Precise 1730.09 is a key. Technical: 1730.09 is a Thursday Close . Its a top edge of the consolidation which happening since nearly a month now. If tomorrow (Friday)closes above, it will be a clear signal of upward movement towards 1800. In addition , at CME for next week, most of the CALLs are sitting at 1730, 1780, 1800,1850 & PUTs are at 1670, 1700. Fundamentals: Its a kind of confusing since FOMC statement - no negative rates appreciated dollar today. However, all...Ignored
Theme: Powell's testimony validated and retested the breakout of 1730.09
Fundamental: Seriousness of the economic situation was described by J Powell today. I dont think another vaccine trials news will cherish the market.
Some European countries have removed the cap on short selling> will now show some effect on major indices in this week.
Technically: the breakout at 1730.09 is being retested today> support the further bullish move.
Plus: at CME for this week most of the CALLs are saturated between 1750-1800 and PUTs at 1720-1770
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