Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures

815am est
Reviewing Gold Futures today we being on the 89 range chart:
– Strong Bullish Trend
– Sideways range from 38.7 down to 24.7
– Larger sideways range from 38.7 down to 03.2
– We see major support from a swing high at 1519.0
– We are at the highs of these ranges
We open our 34range chart to try and define the specific price levels we will be using, and look for more detail in our trend lines, channels, and ranges
– We see a new bullish price channel in blue trend lines
– Price channel tells us to buy pullbacks today as the higher % trade
– Sideways ranges below us give clues for the bullish sentiment, however, don’t forget the PHOD is below us, which is act like a price magnet
– We don’t have any levels above with the exception of the highs of the channels
– We do have ranges below us, and we look for sellers to enter the market if w break below 1519.2
– Big Money Trigger Line acts like a price magnet and will try and draw price down to 1511.1 area. This is also the lows of the channel, so look to buy.