XAUUSD is on a consolidation for about a month on a strong area and forming a unclear (double top) i am just waiting for confirmation for a strong down trend.
// Normally don't trade this pair
// ( Target 1790 - 1800$ )
// But Just Broke Key Monthly Resistance
// CFTC Commitment of Traders Report : www.cftc.gov
// A Boatload of Long Positions 6/23 Report
// Will Update Next Tuesday on New Report
Friday was One for the Books!
// I hope everyone ate off this.
// Strong Bear Engulfing on Daily Chart.
// Broke POC ( Point of Control )
// New Report on ( www.cftc.gov )
// Speculative Traders and The Big Boys ( Hedges , Asset Managers etc etc ) Non Commercial have MORE Short Positions Open as Of 6/23
As the GBPUSD head down strongly that create new swing lows and heading to a good leavel of structure i am waiting for a reliable reversal pattern like double bottom to go long.
considering that the USD gain some strength on the EUR and push it down nicely, and is heading to our previous high that was broken i e am waiting for a double bottom formation to go long.
