Hello everyone! I want share my idea about XAUUSD.
Long time I was looking to gold bullish until today, I open long position from 1955 on gold but I got stop. after USA balance of trade news gold show us the strongest red candle, which I thin will continue.
We are close weekly support, we already get 3 good rejection from that point and in my opinions the 4th touch will be not strong and we will see brake out of support (THIS IS NOT ADVICE, THIS IS WHAT I THINK) only in 4 hour we get 28 pips down.
If we brake that support which is on 1935 then we will see big move to down.
Be patient.
Long time I was looking to gold bullish until today, I open long position from 1955 on gold but I got stop. after USA balance of trade news gold show us the strongest red candle, which I thin will continue.
We are close weekly support, we already get 3 good rejection from that point and in my opinions the 4th touch will be not strong and we will see brake out of support (THIS IS NOT ADVICE, THIS IS WHAT I THINK) only in 4 hour we get 28 pips down.
If we brake that support which is on 1935 then we will see big move to down.
Be patient.
Comment:
I WAS WRONG!