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KizzFrance
Feb 28, 2024 10:10 AM

XAU/USD - Sell Zone! Long

GoldOANDA

Description

Hey there!

Bullish on GOLD, I've set a buy limit!

A beautiful RR of 2, entering on a RMID (Range Manipulation Initiation Distribution) that aligns perfectly within the fibo OTE with an additional BreakerBloc.

The conflicts in the Middle East and US involvement in these conflicts are not necessarily reassuring, whether it's for gold, Brent, or forex in general. We need to remain cautious. However, let's not forget that we have a USD stronger than ever with very good results. Still, we must remain cautious as it only takes one thread, especially for the employment sector, where the results are extremely good but only for secondary and short-term jobs.

How long can American households continue to sustain multiple jobs? I don't know, and the answer doesn't matter to my trading. Right now, I need to react and adapt to the current market conditions.

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