XAUUSD Gold - Looking Where to Next

15 Şub

Hi Everyone i hope your enjoying your weekend and have been catching some good trades recently.

What a great year so far. My previous targets i posted all hit with 100% accuracy.
The range levels were all respected and played out perfectly.

Looking ahead to whats next for gold the range top of 2935 proved to be strong resistance with gold selling off twice from this level so there is a high probability we trace back at least for a mid range test before attempting to go higher again.
We can also not rule out returning to the range bottom of 2775 but the reaction to each level will guide us better. Fundamentally and technically gold is still very strong and profit taking should not be mistaken for a huge correction just yet.

I do see a dynamic supply zone running almost central to the main trend so we need to keep a eye on where price closes.

Plan: Wait for body closes of candles
Close and hold above 2894 to continue up. Retest and Reject 2894 to continue down.

5 gün önce

İşlem aktif

Nailed it… closed and held above 2894 and we are on the upwards path :) hope you all caught some nice pips…. Push play ;)