Some words befor trading US election in XAUUSD
Hi Traders
This is what in my opinion will happen in the hours of US election (and maybe the day after). Basically we will pullback form 1900 area and the relatively fast retest the 1908 level. I will get not get very bullish until we break 1930 (weekly resistance).
We might see a very volatile day so be very careful. This might as well turn out totally different or in just a couple of hours or even minutes.
So whatever you do, keep your levels in mind and do not fomo into anything. Lower position size, always trade with an SL and when not feeling confident dont trade at all. Also check the spread when the whole world is buying gold... if you are not paying attention you might get monster slippage!
This is what in my opinion will happen in the hours of US election (and maybe the day after). Basically we will pullback form 1900 area and the relatively fast retest the 1908 level. I will get not get very bullish until we break 1930 (weekly resistance).
We might see a very volatile day so be very careful. This might as well turn out totally different or in just a couple of hours or even minutes.
So whatever you do, keep your levels in mind and do not fomo into anything. Lower position size, always trade with an SL and when not feeling confident dont trade at all. Also check the spread when the whole world is buying gold... if you are not paying attention you might get monster slippage!
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