Technical Overview: - GOLD $2000 TARGET🎈
Check out our previous posted analysis about XAU/USD below
It would be irresponsible to short gold, ye.. literally think about it...
What many people do is, follow the trend.
In this case it means sell correct?
What they fail to notice is the fact that you need to think as an investor, buy low, sell high.
We are currently oversold from higher time frame while on the bigger time frame we are bullish.
This is one of the best opportunities to buy gold, simply because you are buying at such a discount.
Think like the banks, flow with the devil.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Check out our previous posted analysis about XAU/USD below
What many people do is, follow the trend.
In this case it means sell correct?
What they fail to notice is the fact that you need to think as an investor, buy low, sell high.
We are currently oversold from higher time frame while on the bigger time frame we are bullish.
This is one of the best opportunities to buy gold, simply because you are buying at such a discount.
Think like the banks, flow with the devil.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Comment:
GOLD had started shaking out buyers and sellers, this is exactly what we want to happen before we fire any shots on gold. As anticipated we had cleared lows that were holding buyers from previous week, this is an indicator to us that we are currently oversold, we now may see bullish momentum however we are not at our point of interest zone to buy so we do anticipate that we may see a pullback down clearing more buyers and sellers, following our HTF giving us more confluence to buy at very cheap prices, it's like shopping for blackfriday deals😋
Comment:
Monitoring gold, we have an open position at 1786.00 due to the fact that tomorrow is NFP and it is currently towards the end of the day, we do expect price to fizzle off into low volume and possibly tomorrow drop even lower before moving any higher. Since this is a possibility we have closed 50% of our current open position, we don’t mind if our stop loss gets taken out in next London/US session if price does come down lower we will be looking for more buy opportunities 😋
