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VasilyTrader
Jul 9, 2020 8:45 AM

GOLD (XAUUSD) Structure Analysis & Thoughts Education

Gold/U.S. DollarFXCM

Description



gold is just unstoppable.
the price is growing like crazy this week.

if you missed this movement and plan to jump in, it is too late and very risky atm.

the price is relatively close to our next potential reversal area 1823 - 1833.
this area is based on a resistance line of a rising channel and fib.extension confluence of the last two major daily impulses.

attention! I don't say that we should just blindly short from that area.
always look for a confirmation on a lower time frame to trade against the trend.

moreover, if you want to catch a bull rally, a pullback from the above-mentioned area may let you buy on a discount from the support of the channel.

apply these structure levels based on your strategy and good luck!



Comments
simtrader19a
Ties in with the extended Fib levels :)
ProTraderNataliaRUS
@simtrader19a yes, it is so surprising
VasilyTrader
@ProTraderNataliaRUS, thanks a lot!
2b1d83a7071a4dfb85a2e22d522a69
Good plan bro
VasilyTrader
FxSniper_
hope you like my idea too check this
VasilyTrader
@FxSniper_, good outlook!
MichaelWood81
Thank you for posting!
VasilyTrader
@MichaelWood81, you are welcome bro!
guccigaurav
LMAO TRADING VIEW SCAMMING WITH BOTS TRYST UR TYADE
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