Intraday Analysis - ( 18 Jan 2023 )
Will be looking at greater pullbacks on gold as a shift in MS is seen in the chart. As analysed during weekly analysis that we will adapt to sells through out this week and shorts were taken at 1924 region since Monday. We are extending the bias with Japan's weak stance on its monetary policy giving dollar some short term strength causing DXY to go up and risk assets and commodities to drop. However, Gold is still rather bullish therefore, scalps/intraday sells will be prevalent if lower lows continues to print. We will take it level by level.
HRHR Sells: 1909 KL
MRMR Sells: 1904 KL
Safer Sells: 1892/1886 KL
Buys only above 1904.5 KL / 1917 KL
Do note that we have news incoming tonight.
Will be looking at greater pullbacks on gold as a shift in MS is seen in the chart. As analysed during weekly analysis that we will adapt to sells through out this week and shorts were taken at 1924 region since Monday. We are extending the bias with Japan's weak stance on its monetary policy giving dollar some short term strength causing DXY to go up and risk assets and commodities to drop. However, Gold is still rather bullish therefore, scalps/intraday sells will be prevalent if lower lows continues to print. We will take it level by level.
HRHR Sells: 1909 KL
MRMR Sells: 1904 KL
Safer Sells: 1892/1886 KL
Buys only above 1904.5 KL / 1917 KL
Do note that we have news incoming tonight.