MORE & MORE MONEY - FREE WEEKLY FOLLOW UP ANALYSIS

12 May 2020

Feel free to check my XAU/USD history analysis and updates by clicking the small arrow in the chart. Feel free to read the updates on each analysis, it might help you to understand the spot gold price action.

Here's our recent trade on XAUUSD, so far so good. I shared this chart in my previous XAUUSD analysis. If you trade it, enjoy your profit.


I reckon it has to retest the bottom bullish pennant line. We will take the profit of our sell and buy a large lot size in that zone, or we will add more sell heavily if it can break out and close below the bullish pennant. But currently, my overall long-term sentiment remains bullish. I'll add the update later to this analysis when I have a chance. Good luck!

12 May 2020

Not

Core CPI -0.4%, CPI -0.8%

12 May 2020

İşlem aktif

Potential trade
PS: This analysis fails if it can break out and close below the bullish pennant

13 May 2020

İşlem aktif

13 May 2020

İşlem aktif

PPI -1.3%
Core PPI -0.3%

13 May 2020

İşlem kapandı: hedefe ulaştı

Not bad, it reached the upper pennant and closed the trade manually. will re-enter the trade later

14 May 2020

Not

US Jobless claim 2981K

15 May 2020

Not

US Core Retail Sales -17.2%
Retail Sales -16.4%