Gold/XAUUSD - Ready to Blow
I have been keeping an eye on gold for a while now and soon we will be ready to execute our buy position. I have labeled the areas of interest as well as the potential targets and SL placement levels.
The dollar's performance has been awful, many think that it must come to an end soon and that an intervention must be made but what I have learned from the current market conditions is that anything can happen and there is no such thing as a top or bottom anymore.
I will be waiting to see how price performs on Monday before considering a trade, I will keep everyone updated.
According to our COT data source - 44.6% are long
The dollar's performance has been awful, many think that it must come to an end soon and that an intervention must be made but what I have learned from the current market conditions is that anything can happen and there is no such thing as a top or bottom anymore.
I will be waiting to see how price performs on Monday before considering a trade, I will keep everyone updated.
According to our COT data source - 44.6% are long
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