XAUUSD (Gold) Outlook for 29th Feb 2024
As price has reached a significant point of interest (POI) on the DXY (H4) chart, we anticipate a strong selling momentum emerging from this level, likely to persist throughout today's trading session.
Turning our attention to XAUUSD (Gold), it's probable that we will observe some correlation or price consolidation during the Asian session. However, as the London session unfolds, we anticipate a favorable buying opportunity. It's important to note our bullish sentiment on Gold; thus, we should focus solely on high-quality buy opportunities.
Additionally, there is noteworthy news expected during the NY session. It's imperative to prioritize safety and risk management in light of this development.
There's a higher likelihood that the price will target the liquidity at the previous week's highs. Consequently, it is advisable to consider long positions.
Wishing you all the best,
~@EklipseFx
Turning our attention to XAUUSD (Gold), it's probable that we will observe some correlation or price consolidation during the Asian session. However, as the London session unfolds, we anticipate a favorable buying opportunity. It's important to note our bullish sentiment on Gold; thus, we should focus solely on high-quality buy opportunities.
Additionally, there is noteworthy news expected during the NY session. It's imperative to prioritize safety and risk management in light of this development.
There's a higher likelihood that the price will target the liquidity at the previous week's highs. Consequently, it is advisable to consider long positions.
Wishing you all the best,
~@EklipseFx