XAUUSD JUN/12/2023 LOWER HIGH FORMED WAITING FOR CPI TOMORROW
XAUUSD has created a LOWER LOW in comparison with its high last Friday and also a LOWER LOW. This indicates a short term sell trend as we are all waiting for Core CPI report which surely will be strongly affecting gold price.
Bears and Bulls are now being very careful as they know there will be something tomorrow so price could bounce back and forth between those trend lines and then break through to the support zone in the sense that the trend now is brearish.
Low risk short position around level 1965 - 1966 should be considered here with RR of 1:2 (SL above last high)
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#--!!!YOU MUST CONSIDER NEWS, ECONOMIC EVENTS WHEN TRADING!!!--#
#--!!!TAKE INTO ACCOUNT BANK MONETARY POLICY OF CURRENCY YOU TRADE AND READ IT FOR HELFUL TRADING GUILDANCE!!!--#
#--!!!RISK MAXIMUM 1-2% OF YOUR ACCOUNT IS A CONSISTENT GOAL TO SUCCESS!!!-#
<3 HAVE FUN TRADING <3
Bears and Bulls are now being very careful as they know there will be something tomorrow so price could bounce back and forth between those trend lines and then break through to the support zone in the sense that the trend now is brearish.
Low risk short position around level 1965 - 1966 should be considered here with RR of 1:2 (SL above last high)
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#--!!!YOU MUST CONSIDER NEWS, ECONOMIC EVENTS WHEN TRADING!!!--#
#--!!!TAKE INTO ACCOUNT BANK MONETARY POLICY OF CURRENCY YOU TRADE AND READ IT FOR HELFUL TRADING GUILDANCE!!!--#
#--!!!RISK MAXIMUM 1-2% OF YOUR ACCOUNT IS A CONSISTENT GOAL TO SUCCESS!!!-#
<3 HAVE FUN TRADING <3
Trade closed: target reached:
Bling Bling Bling <3 <3 <3 Another time that profit is on our side. Target reached and we're in deep win. Ones who followed the trade must have slept so well. Thanks everyone !