Potential nice trade - Follow up analysis
Click the link in the "Red circle" to see the previous analysis.
So far, it was a great analysis, but unfortunately, my clients and I didn't catch the big drop. It was so sudden, and I thought it would test at least 1970-1974 before the drops, but Pfizer news came out before that.
Here's the last chart that I sent to my clients before the big drop:
Chart before
Chart after
Currently, XAU/USD seems like forming a huge falling wedge pattern. Most likely, it will fall to retest the bottom wedge this week. Keep your guard up because of the election drama. We never know when the next breaking news will happen.
Catalyst:
- US CPI
- US Unemployment
- US PPI
- Prelim UoM Consumer Sentiment
So far, it was a great analysis, but unfortunately, my clients and I didn't catch the big drop. It was so sudden, and I thought it would test at least 1970-1974 before the drops, but Pfizer news came out before that.
Here's the last chart that I sent to my clients before the big drop:
Chart before
Chart after
Currently, XAU/USD seems like forming a huge falling wedge pattern. Most likely, it will fall to retest the bottom wedge this week. Keep your guard up because of the election drama. We never know when the next breaking news will happen.
Catalyst:
- US CPI
- US Unemployment
- US PPI
- Prelim UoM Consumer Sentiment
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