Gold Update

Just a quick look at gold. It has bounced off support true to form following the Golden week holiday. The $USD is down ahead of the Fed minutes and CPI this week. I expect it will be short term and we will see the dollar higher again.

Gold weekly is up off support but the momentum is to the downside.

Gold daily is retracing back up to the kijun sen.

GLD 4hr and daily there is a low probability entry. Looking for the higher probability daily entry. I would not take the entry with the weekly momentum as it is, but I do like to do these studies to see how they turn out.

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