XAUUSD Asia / Pre London Outlook. Break the range!
Good evening gold gang! .. hope you survived the range.
Today was a very rangey day with price accumulating around my 1964 level. We managed a small sell in london and a small buy in NY today but nothing met full target. Thats where risk management comes in.
So we have a range on our hands .. what does that mean? .. it has to break out. I have marked out the top and bottom of the range and i am prepared for either outcome. Again, strong 30m close required outside to gauge direction.
Targets are also marked up .. just watch out for that top problem area as marked earlier.
Have a great session guys, ill be back in the morning for the next outlook.
PLEASE like and follow along for XAUUSD updates
tommyXAU
Today was a very rangey day with price accumulating around my 1964 level. We managed a small sell in london and a small buy in NY today but nothing met full target. Thats where risk management comes in.
So we have a range on our hands .. what does that mean? .. it has to break out. I have marked out the top and bottom of the range and i am prepared for either outcome. Again, strong 30m close required outside to gauge direction.
Targets are also marked up .. just watch out for that top problem area as marked earlier.
Have a great session guys, ill be back in the morning for the next outlook.
PLEASE like and follow along for XAUUSD updates
tommyXAU
Comment:
price still stuck in the range .. ive adjusted my sells to 1964 level closure below. Patience guys .. it pays.
Comment:
targets destroyed!!! pin point accuracy 85 pips