Gold with No Drama

4U


Edith Piaf - La vie en rose

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A small opinion...
We should had taped 4259 on Friday, still the reading intact, since we mantain daily closing above 4208.87 is a quarterly perspective.
At same time we can be going to 4321.74 too as yearly volume average.
I don't know if downthere was a botton to pulback or reversal, the fact it print a reversal clue only seen in 1h tf, and i like to see them on 4h, as bulls win at daily the yearly test level at 4122.08 weekly ending rejecting it.
It can be a wick or a reversal, but next week is expected see they look the prices mention to upside, accepting that at some point by yearly we see 4122.08 taped again.
For safiest any bull target should be targeting 4259.78 or locked, because at my charts quarterly volume average levels are playing with very accuracy and was from where daily reject from 3 deviations with an expectation of 4259.78 be taped being 2 deviations of this quarterly average.
In a swing perspective the range i think we are at the moment is between 3919.849 / 4029.910 zone as demand and 4408.146 / 4310.355 supply, without a break of this zones be prepare to range....
Safe trades.