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XAUUSD | New perspective

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Last Friday NFP's positive report appears to have interrupted the downside turn. Despite the strong bearish expectations from the majority; the bulls could be about to make their move as multiple rejections of the $1,700 area from the buyers occurred for the second time in the last two weeks. In this video, I detailed my expectations based on the current structure and how I plan to trade the Gold in the coming week.

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註釋

Price is caught within the $1,714 and $1,708 zone since the beginning of the week and I have 3 scenarios to look out for this week after considering the current structure. Waiting for a signal

Good morning

交易進行

We are now witnessing a set-up that is lining up for potential bullish move as a breakout of the channel at the $1,174 finally happens.

Good morning

手動結束交易

Break-even.

I am looking to sell as a rejection of $1,720 is sighted

Good morning

交易進行

The breakdown of the $1,714 level could be the bearish signal for the week hence I want to wait for the price to come within the sell window to join a potential downtrend continuation.