Analysis of #GOLD
Hi traders, today we will have a look at #XAUUSD
the GOLD performed in line with the fundamental news we got recently about CPI, PPI, I still expect this move to continue to the upside, but the market needs to calm down and find more buyers, so expect a somewhat short-term move to the downside.
As you can see on my chart, we previously had a solid key market resistance near 1720-1730,
I do believe if the market reaches back to test this zone we will see a bullish reaction where I will drop a one-time frame looking for a buy entry with a good reward to risk if the rules are met.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #XAUUSD
the GOLD performed in line with the fundamental news we got recently about CPI, PPI, I still expect this move to continue to the upside, but the market needs to calm down and find more buyers, so expect a somewhat short-term move to the downside.
As you can see on my chart, we previously had a solid key market resistance near 1720-1730,
I do believe if the market reaches back to test this zone we will see a bullish reaction where I will drop a one-time frame looking for a buy entry with a good reward to risk if the rules are met.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
