TRUTH BE TOLD, GOLD IS BOLD
Happy Sunday traders🔥🏆 hope you all having a wonderful weekend.
Market opens in a couple of hours, I thought I’d share this potential LONG trade setup I will likely be taking when the market opens on XAUUSD.
The U.S dollar gave up gains after already falling on Wednesday after the Fed’s November meeting minutes indicated agreement that rate hiking could be slowed.
Another big news item is what's going on in China, the protests against the zero-covid-tolerance policies: an easing of China's restrictions would promote a risk-on mood while tightening or keeping restrictions would have the opposite effect.
My price projection is $1805 (500 pips from current market price) and possibly $1810. My stop loss will be below Friday’s daily low.
That’s all for today. I hope you learnt something new, if you did hit the like button & follow for more upcoming ideas like this✅
Market opens in a couple of hours, I thought I’d share this potential LONG trade setup I will likely be taking when the market opens on XAUUSD.
The U.S dollar gave up gains after already falling on Wednesday after the Fed’s November meeting minutes indicated agreement that rate hiking could be slowed.
Another big news item is what's going on in China, the protests against the zero-covid-tolerance policies: an easing of China's restrictions would promote a risk-on mood while tightening or keeping restrictions would have the opposite effect.
My price projection is $1805 (500 pips from current market price) and possibly $1810. My stop loss will be below Friday’s daily low.
That’s all for today. I hope you learnt something new, if you did hit the like button & follow for more upcoming ideas like this✅
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