JasonSong

XAUUSD: difference between expectation and reality

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Expectation: break 1575 and rise up to the ideal resistance 1585-1590, so we can set short orders
Reality: tried several times but failed to break through 1575

So, I dont suggest to put a high hope of breaking through 1575 any more, which means we better close buy orders (if any).
However, even though it broke 1575 unexpectedly, I dont suggest a following buy order, but to wait for a short signal near 1585.


TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.

THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.