OmarDjurhuus

GOLD NEXT WEEK #011

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Forecast:

See some upside for gold this week, but it all depends on how bond-market play's out. Targets @ ~1746 and ~1762.
Also; I briefly address market sentimet - why gold is not favorable at the moment.

Video time: 06:13

About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.

Topics - Market sentiment, Gold Shares / ETF's A-z, $DXY and US10 /30yr Bond Yield

System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.

Best Regards
OmarDjurhuus
Comment: Update!
I mentioned in the forecast that price action could trade sideways most of the week if not all the week and press price action higher next week/12, but Yesterday the bull's stepped up.

My target ~1746 got taken out and still have ~1762 target valid. A correction is not unlikely. If that happens I have Fib, downside target's @ ~1726. ~1717 and ~1708, but if bullish momentum is strong it might just be a shallow correction.

Trade safe!

Comments

I went and traded the breakout at 1725 on a short and still in the trade -1000 pips not the best rr but dxy is up hoping for a fall back
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OmarDjurhuus Forexplained
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