as you can see the bullish trend has now been broken and we are looking for a sell towards the 1285.000 level.
price as always will pull back and retest, so once we see price hit 1285.000 my next set up will be looking for a pullback into the zonal highlighted box to look for a potential buy.
it is a well known fact that if the economy is performing poorly then commodities will do well so because of this we want to keep an eye on how the USD does over the next week in terms of economic performance and price action.
remember that if Gold does well, AUD will also improve as they both correlate due to most gold mines being located in Australia.
lets see what happens and catch the bag next week together.
keeping a close eye on this one.
Everyday is Money Day!
Instagram : Vellly
Business instagram : Learnitempire
Youtube Channel : Learnitempire a
price as always will pull back and retest, so once we see price hit 1285.000 my next set up will be looking for a pullback into the zonal highlighted box to look for a potential buy.
it is a well known fact that if the economy is performing poorly then commodities will do well so because of this we want to keep an eye on how the USD does over the next week in terms of economic performance and price action.
remember that if Gold does well, AUD will also improve as they both correlate due to most gold mines being located in Australia.
lets see what happens and catch the bag next week together.
keeping a close eye on this one.
Everyday is Money Day!
Instagram : Vellly
Business instagram : Learnitempire
Youtube Channel : Learnitempire a