XAU/USD
The price fell down yesterday, but the move was on small volume, so there was no good place for entering the market. Moreover, we can't point out volume level, so it makes trading XAUUSD a pretty tough task. Anyway, given the confident fall of the price we should give preference to short positions. We can enter the market after the appearance of a strong bearish momentum which is supported by large volume. A stop loss should be place above the beginning of the fall. A potential of the deal is 120-130 pips.
The bottom line: short positions are in priority.
The price fell down yesterday, but the move was on small volume, so there was no good place for entering the market. Moreover, we can't point out volume level, so it makes trading XAUUSD a pretty tough task. Anyway, given the confident fall of the price we should give preference to short positions. We can enter the market after the appearance of a strong bearish momentum which is supported by large volume. A stop loss should be place above the beginning of the fall. A potential of the deal is 120-130 pips.
The bottom line: short positions are in priority.