Since last Thursday when we were short looking for:
1230 - 1228 - and maybe 1223, I noticed that every recalculation starts to look very bad for shorting gold . At some point I was worried about the shorts we had, but I did knew that target should come anyway, and we did it, but soon enough we are back up in this current range.
Once we get an entry we will take it, but All I can say that level displacement / Pip difference between Dollar and Gold / Binomial waves are indicating that gold is accumulating for a bull.
First indication for it is XO 90 ratio on Fibs using Difference between dollar resistances and gold supports.
This is forex and this is gold , anything can happen and new levels may be given, but for now I don't want to be so more on a short side because that can end up being painful to watch.
Waiting for long entry and aiming 1248 - 1255 - 1260.
Don't forget that we are in multi week range so this can take some time still swinging up n down, but based on levels and behavior it may be not.
And I'll be God damn it is still not letting me feel good.
Why I have that feeling that Gold will tag it and it will work as a long squeeze before take off.
The trick can be simple. Throw out all longs by spiking to 1223 - 1217, when it people go short so gold can reach 1240, 1248.
Just a pure behavior and scheeme.
In whatsapp group I mention about this behavior and why we can steal that money. The most interesting part and entry for long is ahead of us!
Correction for lower targets or continue the bull.