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XAUUSD Prediction based on Previous Price action, price ranges between 3470 and 3530 till Friday, breaks through to 3580-3600 if NFP +ve for Gold
GOLD where are the sellers now ?
XAUUSD I'll execute a buy order if the market retraces to the 3510-3500 level. There's still about $10-20 of room to fall from that level, so I'll go short first. There is limited room for short selling, so don't be too greedy. If the 3510-3500 level stabilizes, I'll continue to trade in favorable conditions.
XAUUSD If gold forms a strong buying level after a retest, we can look for potential longs. However, on the daily timeframe, the structure appears to be leaning toward a possible sell setup, as gold has left multiple FVGs untapped on the downside. If this move is to transition into selling, we would first need to see a clear downside MSS on the 1-hour timeframe. Until then, patience is required to see how price develops.
GOLD and tomorrow asia make another ATH and then US another ATH and then asia ATH and all over till end of the world :DGOLD omg 15MTF RSI finally cross i cant believe it :D