Marenno
Short

$XAUUSD View on weekly/daily basis

FX:XAUUSD   Gold Spot / U.S. Dollar

Always good to know how the previous week is finished and what to expect during this week, so on a weekly graph

price at the resistance is in place, which may be a good reversal signal and the week overall can be bearish ,

On a daily chart

price is at the resistance area with no signals to reverse yet,
due to a conflict situation, I wouldn't recommend to enter new trades at the moment, as entering a peak is not yet confirmed and a bottom is missed, however those who're trading breakouts, what I don't do can try to place a buy stop at 1160 which is resistance breakout, target 1200 - another resistance area , stop loss 1120 -- support area , this trade is not recommended so stop loss is at the top of support area .

Link to video: https://www.youtube.com/watch?v=o215zDUj86Q
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