Weekly forecast

28 Haz 2020

It was an excellent rejection on the H4 time-frame, and last week the market closed above the major resistance at 1765, a good sign of bullish continuation.

Fed Chair Powell is going to Testifies this week, US ADP, NFP, Jobless rate, and Unemployment claims will give a strong catalyst.

PS: This analysis fails if H4 candle can breakout and close below the trendline

Here's our last trade, I sent this analysis to my clients, and posted it o my previous XAU/USD analysis

1 Tem 2020

İşlem aktif

It was a great trade. It reached the target zone. Currently, here's what I see, maybe a breakout or perhaps a rejection and continue the rally. FOMX and NFP will show the way.