I am predicting that xauusd will make a gap tomorrow to about 1560 and then close at 1510. Next move is to go to the past resistance level at about 1485 and then move up towards 1600 and above.
how accurate do you think my analyse is and how much possibilites it has to happen.
thank you for your opinion (and sorry for my bad english ^^)
priceaction357
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@Aljosa.j.pavlic, thank you for your commentary. Your English is good.
Did you mean 1585 for resistance, not 1485?
Regarding your analysis, anything can happen.
I try not to predict what will happen because I have no idea what will happen; I use these trading levels as targets and what to do when the price moves there.
For me, price moves from one level to the next (up or down).
For example, if they run the buy stops at 1490.70, I will short and target 1460.50 as my first level to take profit.
If they run the sell stops at 1536.20, I will buy and target 1510.30.
If they run the sell stops at 1566.20, I will buy and target 1609.60.