XAU/USD - (Medium-Term-Trade) - Market Update
Are we finally going to have gold dropping? I've been anticipating a drop for gold since last week. However; we haven't had any major confirmation. Regarding this Medium-Term-Trade we may have a down-side coming to us this week. Now the gold market has just opened 45 minutes ago. So a LOT can happen until our daily candle closes.
If by when this daily candle closes in less than 24 hours; if we have a bearish closing candle we will have a medium-term-trade upon us with a potential target being around 1325.00 and lower. Regarding any more upside potential we would need our candle to close again -ABOVE- our trend-line.
As of right now I am NOT placing any new entries this is just a Market Update. We have to wait for confirmation but this is a possible entry I am keeping my eye out for.
*This is NOT a signal. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
If by when this daily candle closes in less than 24 hours; if we have a bearish closing candle we will have a medium-term-trade upon us with a potential target being around 1325.00 and lower. Regarding any more upside potential we would need our candle to close again -ABOVE- our trend-line.
As of right now I am NOT placing any new entries this is just a Market Update. We have to wait for confirmation but this is a possible entry I am keeping my eye out for.
*This is NOT a signal. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com