XAU/USD (Medium-Term-Trade) - Market Update - Upon Request
I hardly trade this pair anymore. Despite paying well as of right now I've been taking a small break from this pair. Anyways; the main question is. What should we be expecting for this pair?
Well on our 8H chart; we have actually closed well -BELOW- our Trend-Line. We should be expecting a push to roughly around 1275.00. As of right now on both Short-Term and Medium-Term-Trades the overall bias is a down-trend.
My strong recommendation is that if you are in a -SELL- I would recommend you hold this trade to potential 1275.00 (Keep in mind we have a LOT of high impact news tomorrow which could affect this pair so take your precaution).
If you are in a -BUY-; at least for the way how I trade; I don't see any -BUY- opportunities as of right now. We could go into a bullish movement later today but we are kinda far away from that happening.
If you aren't in ANY trades you should mainly be waiting for a pull-back. Entering right now without any type of analysis or strategy is pretty much gambling and is a clear indication of over-trading. So be VERY careful with that.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.
Well on our 8H chart; we have actually closed well -BELOW- our Trend-Line. We should be expecting a push to roughly around 1275.00. As of right now on both Short-Term and Medium-Term-Trades the overall bias is a down-trend.
My strong recommendation is that if you are in a -SELL- I would recommend you hold this trade to potential 1275.00 (Keep in mind we have a LOT of high impact news tomorrow which could affect this pair so take your precaution).
If you are in a -BUY-; at least for the way how I trade; I don't see any -BUY- opportunities as of right now. We could go into a bullish movement later today but we are kinda far away from that happening.
If you aren't in ANY trades you should mainly be waiting for a pull-back. Entering right now without any type of analysis or strategy is pretty much gambling and is a clear indication of over-trading. So be VERY careful with that.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.