Gold intraday 26.9.17

Next target upside = 1316. Retrace to 1310 after

Komen:

Juicy stops @1310 zone. 1316-17 is pending sell zone for many.

Komen:

I know many is short now based on "fade the news move" on North Korea.
I do not think that may do the trick this time.

Komen:

1298.5 is the lower zone. If i am correct, price shall going up from there.

Komen:

1298.5 is a 36 degree retrace from the 1312 level. If it holds it is perfect.

Komen:

Daily cycle lows are boring. Very boring.

Komen:

There are some sheep from Fed today speaking. What they say is not so important, but it may speed things up a bit.

Komen:

If we get above 1305 we are home free.

Komen:

I believe if u replaced the FOMC speakers with KIM, the result of the move will be the same.

Komen:

And what about the dollar index? DXY is at what? 93? What was it when gold was @ 1375 last year? Oh yes, above 95. Lol.

Komen:

63 - 36 + 45 = 72 -> 1316.5
lets see if that is how market wants it

Komen:

I cannot help with the Yellen-spikes unfortunately. lets close green now.

Komen:

This must be regarded a failure.
My upside target remains. Better perhaps pick a day where there is no Option expiry next time.