XAUUSD MARKET OVERVIEW:
GOLD fell lower this week up until DXY found it's reversal point and began a deep retracement. GOLD has much lower to go but I believe it's started it's correctional pullback from the sell off last week. I will be interested in a long from a nice dip on market open next week. If we can get a long position I will target the $1745-$1752 region for taking profits and then look to buy the next leg up. I see price going as high up as $1782-88 where I will look to open a swing short position on GOLD.
Hard times are ahead and gold will be driven a lot lower first so optimal buy points will presents themselves, once these are locked in the recession will really start to peak it's head (CRYPTO and STOCKS) will follow the same pathway.
From the swing short I will be targeting $1650-$1628.
GOLD fell lower this week up until DXY found it's reversal point and began a deep retracement. GOLD has much lower to go but I believe it's started it's correctional pullback from the sell off last week. I will be interested in a long from a nice dip on market open next week. If we can get a long position I will target the $1745-$1752 region for taking profits and then look to buy the next leg up. I see price going as high up as $1782-88 where I will look to open a swing short position on GOLD.
Hard times are ahead and gold will be driven a lot lower first so optimal buy points will presents themselves, once these are locked in the recession will really start to peak it's head (CRYPTO and STOCKS) will follow the same pathway.
From the swing short I will be targeting $1650-$1628.
