GOLD SHORT TERM INTRADAY IDEA
Intraday Analysis - ( 14 FEB 2023 )
Price setting up for CPI data today with many choppy price action and no smooth upside or downside moves. However on the higher timeframe we can see lower lows printed respecting the bearish structure.
Personally am looking at cpi to continue being high with a strong labour data as reflected on NFP day. Potential liquidity grabs to the upside whereby i am eyeing 1876 and 1865 regions for shorts. Would be best if there is straight melts ofcourse. However this is in the event inflation still prints high.
HRHR SELLS 1883
MRMR SELLS 1876 / 1865
SAFEST SELLS below 1850
Will be looking at 1820 if cpi data prints with dollar domination and weakness in risk assets
If CPI data prints low, showing signs of improvements, i would be looking at longs only above 1883 cancelling out the entire downside move.
Either ways stay adaptive to the markets and safest is enjoy a glass of wine with your girl and stay away from the charts.
HAPPY VALENTINES DAY
Price setting up for CPI data today with many choppy price action and no smooth upside or downside moves. However on the higher timeframe we can see lower lows printed respecting the bearish structure.
Personally am looking at cpi to continue being high with a strong labour data as reflected on NFP day. Potential liquidity grabs to the upside whereby i am eyeing 1876 and 1865 regions for shorts. Would be best if there is straight melts ofcourse. However this is in the event inflation still prints high.
HRHR SELLS 1883
MRMR SELLS 1876 / 1865
SAFEST SELLS below 1850
Will be looking at 1820 if cpi data prints with dollar domination and weakness in risk assets
If CPI data prints low, showing signs of improvements, i would be looking at longs only above 1883 cancelling out the entire downside move.
Either ways stay adaptive to the markets and safest is enjoy a glass of wine with your girl and stay away from the charts.
HAPPY VALENTINES DAY
Penafian
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