XAUUSD(GOLD): Playing the Range
We have been caught between equal highs and equal lows for quite some time now. Soon we will see an impulsive move that will look to capture either side of the market.
Personally, I would like to see the resistance point being targeted first since we are closer to it than the support.
The impulsive push yesterday has eradicated some sellers from the market meaning price can swoop back down at a discounted rate for buys.
I have illustrated where I would like to buy and what the next potential price movements will be.
Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips!
Personally, I would like to see the resistance point being targeted first since we are closer to it than the support.
The impulsive push yesterday has eradicated some sellers from the market meaning price can swoop back down at a discounted rate for buys.
I have illustrated where I would like to buy and what the next potential price movements will be.
Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips!
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