TradingView
NeverStopDreaming
Aug 9, 2020 1:46 PM

XAUUSD Going Stop Loss Hunting! Short

Gold / U.S. DollarFOREX.com

Description

This week we will see some bullish momentum once the Big players take out the retail traders sell stops. I see the Market Makers pushing Gold back down to the 1930-1906 range before a bullish momentum. We ended last week on a bearish engulfing candle on the Daily chart signifying a possible reversal and pullback. This is just my predicition! If anyone having any comments please let me know and thank you!
Comments
OfficialKieranTrewick
There is no strength in the dollar to even consider this. After JOLTS Job Openings today further weakening the dollar we will see recovery back above 2050. The bears have been denied any power move not breaking 1920 or 2015. Until the virus has worldwide vaccine available after stage 3 trials there will be no major correction and the bull run will continue. 2100 by week end.
More