Gold Projections
G'day, Guys
We going to analyse XAUUSD today.
FOMC was released today. We are able to see nothing much happening with GOLD. This means technical analysis will be taking place. Again this is Gold, which means high volatility, price spike easily 200pips. My personal advice, if you not familiar with this pair just avoid it and look for Major Currency pair.
I expecting this pair gonna create a Flag pattern before making a break out looking for an 1830 price tag. Yet this pair is creating a Sideway in 4 Hours timeframe, which is mean we expecting a ranging market for this week.
Again, Managing the risk is another key to success in Financial Market Trading.
We going to analyse XAUUSD today.
FOMC was released today. We are able to see nothing much happening with GOLD. This means technical analysis will be taking place. Again this is Gold, which means high volatility, price spike easily 200pips. My personal advice, if you not familiar with this pair just avoid it and look for Major Currency pair.
I expecting this pair gonna create a Flag pattern before making a break out looking for an 1830 price tag. Yet this pair is creating a Sideway in 4 Hours timeframe, which is mean we expecting a ranging market for this week.
Again, Managing the risk is another key to success in Financial Market Trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.