Gold Daily (And H4) displays a great rejection of 61.8 Fibonacci Level. Historically, and since mid September 2019, price has never closed above that level of 1514 to 1515.
Furthermore, evolution in the Trading agreement between the United States and China, combined with the Senate rejecting the Impeachment should appreciate the Dollar, thus depreciating XAUUSD.
Entries should be considered with 1483 to 1485 as a final target.
These are purely analysis for the week leading 29th December 2019 and should not warrant any trade actions. They are purely for analysis and technical reference for you to put your own trading ideas to.
Join the free Telegram chat for free signals! @BlueMindFX
Furthermore, evolution in the Trading agreement between the United States and China, combined with the Senate rejecting the Impeachment should appreciate the Dollar, thus depreciating XAUUSD.
Entries should be considered with 1483 to 1485 as a final target.
These are purely analysis for the week leading 29th December 2019 and should not warrant any trade actions. They are purely for analysis and technical reference for you to put your own trading ideas to.
Join the free Telegram chat for free signals! @BlueMindFX