Dollar broke the 4h and daily symmetrical triangle on Friday but not bodily. The body capped on 4h timeframe which keep bull hopeful of 1850s. A clear break is needed for bears to stay hopeful of 1753. Gold bounced back to 1810 from 1785 driven by oversold silver. And the yellow trendline I told guys about brokeout bodily on 4h but pulled back in 1 candle stick...
Gold traded bit freely today but still ranged and getting back to choppy mode before the close. Gold upside is still getting more limited with upside risk looking likely down to 1832. At 1830 I'll be tempted to sell and at 1832 I won't hesitate to sell with my risk management. The new resistance is at 1823, 1827 ahead of 1830 and 1832. If any move up to 1830-32...
Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I ...
Hi guys
I want to share my own view for gold / xauusd
as we can see gold stuck @1768 which is trendline area on 8 - 1D timeframe
1837 area is important things , if gold still stuck and can't break 1837 as well he will continue bearish to the next support @1722
However if gold breakout @1837 he might continue to the next trendline @1908 maybe make...
