GOLD (XAUUSD) DAILY TF UPDATE!! (THIS PAIR LOOKS VERY PROMISING)
1. Big bullish body candle close on the
daily due to the NFP news release.
but I'd like to point out that
price is now testing a major level resistance
which is showing a price rejection.
2. We've already seen 2 retests on this level
before and we've noticed that everytime
the price retested this area, it got rejected.
3. I'd like to point-out the reason why is because
the price before has been bearish after it
plummeted from 1900 level.
4. This time around, price has been very bullish
I'll wait for the retest on 1823-1825
area to find support and I'll take a long position if
price shows a bullish momentum.
Hell, Traders! Welcome to my channel. If you guys like my analysis on gold please give me a thumbs up and let me know your thoughts and leave a comment below. :)
daily due to the NFP news release.
but I'd like to point out that
price is now testing a major level resistance
which is showing a price rejection.
2. We've already seen 2 retests on this level
before and we've noticed that everytime
the price retested this area, it got rejected.
3. I'd like to point-out the reason why is because
the price before has been bearish after it
plummeted from 1900 level.
4. This time around, price has been very bullish
I'll wait for the retest on 1823-1825
area to find support and I'll take a long position if
price shows a bullish momentum.
Hell, Traders! Welcome to my channel. If you guys like my analysis on gold please give me a thumbs up and let me know your thoughts and leave a comment below. :)