Hi fellows, If you were there in my weekly market outlook then you understand that we were looking for the XAUUSD to complete the bearish wave in the possible triangle pattern formation. We have completed the bearish wave. Now we are looking for buy from Bottom. Price is hitting hard the bottom watch price action for buy. For further details please look at the...
1277 break that open gate to last small target 1265 has been done.
Besides that one, I didn't have any other target and I made my first buy!
Since I don't know will 1254 will be reached and what piece it will develop I split my margin impact into 3 positions!
Sorry for maybe too long video ( whole 10 mins ) I was rambling because my mind is full of some other...
Although we broke the " line " by itself it could mean nothing. So far we are having a test-back, but still, at any point above 1276. it can rise again.
So be careful.
We have last day of the month of November so a lot of interesting irrational stuff can happen in the markets.
Good Luck.
" You know... "
I am monitoring this on an intraday basis for a possible blocker levels. Be careful at the lower level, and if we get a breakout the trade can continue very well.
If the break downwards happens, I will look for a place to add.
Good Luck!
TV video ideas feature is awesome.
In this video, we may see two way we may trade gold in the upcoming week. Price is being moving into a rising channel, strengthing into the overall trend, and after an impulse to the upside it is now developing a correction moving to the down. In the hourly chart we identified a key support level where we may watch for a buy setup completion. Otherwise we may just...
